Proposed Bill No. 5110, introduced in the February Session, 2024, by Representatives Elliott, Candelora V., Rojas, and Farrar K., aims to amend the general statutes by eliminating the film production tax credit. The bill has been referred to the Committee on Finance, Revenue and Bonding for consideration.
The purpose of the bill is straightforward: to remove the existing tax credit available for film production within the jurisdiction. The text of the bill does not include specific details on the current scope or application of the tax credit, nor does it provide any rationale for its elimination. The bill's summary is concise, stating its sole objective to eliminate the film production tax credit.