VirginiaSB6122026 Regular SessionSenateWALLET

Motion picture production; extends income tax credit sunset.

Sponsored By: Todd E. Pillion (Republican)

Signed by Governor

Summary

Motion picture production tax credit; sunset extended. Extends the motion picture production tax credit sunset date from taxable year 2026 to taxable year 2030. This bill is identical to HB 400.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Virginia film companies keep tax credits longer

The law extends Virginia’s film production tax credit through taxable years starting in 2030, replacing the January 1, 2027 cutoff. Production companies need at least $250,000 in qualifying Virginia expenses. The existing base credit covers 15% of those expenses, or 20% in state-designated economically distressed areas. Additional credits cover 10% of Virginia resident payroll when Virginia production costs are $250,000–$1 million, or 20% above $1 million. Another 10% credit covers payroll for Virginia residents working for the first time as actors or production crew. These credits are refundable, meaning companies can receive money even when the credit exceeds their tax bill. Companies must apply before production begins; total credit allocations remain capped at $6.5 million per fiscal year.

Sponsors & Cosponsors

Sponsor

  • Todd E. Pillion

    Republican • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 166 • No: 44

House vote • 2/23/2026

Passed House

Yes: 74 • No: 23

House vote • 2/18/2026

Reported from Finance

Yes: 18 • No: 3

Senate vote • 1/30/2026

Read third time and passed Senate

Yes: 23 • No: 15

Senate vote • 1/29/2026

Finance and Appropriations Substitute agreed to

Yes: 0 • No: 0

Senate vote • 1/29/2026

Engrossed by Senate (Voice Vote)

Yes: 0 • No: 0

Senate vote • 1/28/2026

Passed by for the day Block Vote (Voice Vote)

Yes: 0 • No: 0

Senate vote • 1/28/2026

Constitutional reading dispensed Block Vote (on 1st reading)

Yes: 40 • No: 0

Senate vote • 1/27/2026

Reported from Finance and Appropriations with substitute

Yes: 11 • No: 3

Actions Timeline

  1. Acts of Assembly Chapter text (CHAP0827)

    4/13/2026Governor
  2. Approved by Governor-Chapter 827 (effective 7/1/2026)

    4/13/2026Governor
  3. Governor's Action Deadline 11:59 p.m., April 13, 2026

    3/10/2026Governor
  4. Enrolled Bill communicated to Governor on March 10, 2026

    3/10/2026Senate
  5. Fiscal Impact statement From TAX (2/26/2026 3:51 pm)

    2/26/2026Senate
  6. Bill text as passed Senate and House (SB612ER)

    2/24/2026Senate
  7. Enrolled

    2/24/2026Senate
  8. Signed by President

    2/24/2026Senate
  9. Signed by Speaker

    2/24/2026House
  10. Passed House (74-Y 23-N 0-A)

    2/23/2026House
  11. Read third time

    2/23/2026House
  12. Read second time

    2/20/2026House
  13. Reported from Finance (18-Y 3-N)

    2/18/2026House
  14. Fiscal Impact statement From TAX (2/17/2026 7:04 pm)

    2/17/2026Senate
  15. Referred to Committee on Finance

    2/4/2026House
  16. Read first time

    2/4/2026House
  17. Placed on Calendar

    2/4/2026House
  18. Read third time and passed Senate (24-Y 16-N 0-A)

    1/30/2026Senate
  19. Engrossed by Senate (Voice Vote)

    1/29/2026Senate
  20. Finance and Appropriations Substitute agreed to

    1/29/2026Senate
  21. Engrossed by Senate - committee substitute

    1/29/2026Senate
  22. Read second time

    1/29/2026Senate
  23. Passed by for the day Block Vote (Voice Vote)

    1/28/2026Senate
  24. Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A)

    1/28/2026Senate
  25. Passed by for the day

    1/28/2026Senate

Bill Text

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