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PARRIS N. GLENDENING, Governor Ch. 432
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Development to conduct a study and report to the General Assembly on the
effect of this tax credit and the potential economic effect of a certain income tax
credit on the film and video production industry in the State and on the actual
effect of similar credits enacted in other states; defining certain terms; and
generally relating to sales and use tax exemptions for film production activities.
BY adding to
Article - Tax - General
Section 11-226
Annotated Code of Maryland
(1997 Replacement Volume and 1999 Supplement)
BY adding to
Article 83A- Department of Business and Economic Development
Section 4-501 to be under the new subtitle "Subtitle 5. Film Production Activity
Tax Exemptions"
Annotated Code of Maryland
(1998 Replacement Volume and 1999 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Tax - General
11-226.
(A) (1) IN THIS SECTION THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.
(2) (I) "FILM PRODUCTION ACTIVITY" MEANS THE PRODUCTION OR
POSTPRODUCTION OF FILM OR VIDEO PROJECTS INCLUDING FEATURE FILMS,
TELEVISION PROJECTS, COMMERCIALS, CORPORATE FILMS, INFOMERCIALS, MUSIC
VIDEOS, OR OTHER PROJECTS FOR WHICH THE PRODUCER OR PRODUCTION
COMPANY WILL BE COMPENSATED, AND WHICH ARE INTENDED FOR NATIONWIDE
COMMERCIAL DISTRIBUTION.
(II) "FILM PRODUCTION ACTIVITY" INCLUDES THE PRODUCTION OR
POSTPRODUCTION OF DIGITAL, ANIMATION, AND MULTIMEDIA PROJECTS.
(III) "FILM PRODUCTION ACTIVITY" DOES NOT INCLUDE:
1. PRODUCTION OR POSTPRODUCTION OF STUDENT FILMS
OR NONCOMMERCIAL PERSONAL VIDEOS; OR
2. ANY ACTIVITY NOT NECESSARY TO AND UNDERTAKEN
DIRECTLY AND EXCLUSIVELY FOR THE MAKING OF A MASTER FILM, TAPE, OR IMAGE.
(3) "TANGIBLE PERSONAL PROPERTY OR A TAXABLE SERVICE USED
DIRECTLY IN CONNECTION WITH A FILM PRODUCTION ACTIVITY" INCLUDES:
(I) CAMERA EQUIPMENT AND SUPPLIES;
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- 2393 -
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