HB12-1286

HB12-1286 - Film Production Activities In Colorado

Passed/Signed into Law
Concerning Film Production Activities In Colorado, And, In Connection Therewith, Making An Appropriation.

The bill modifies provisions governing the Colorado office of film, television, and media (office). Section 2 of the bill:

  • Moves the office to the office of economic development;
  • Adds "television show" to the definition of "film";
  • Clarifies that sound recording is included in allowable payments for qualified local expenditures;
  • Reduces the payments allowed for each employee or contractor from $3 million to $1 million;
  • Creates a loan guarantee program for production activities;
  • Requires in-state production activities to be made up of at least 50% Colorado residents in order to claim a performance-based incentive for film production in Colorado (incentive), instead of the previous 25% requirement;
  • Increases the amount of the incentive to 20% of the total amount of the production company's qualified local expenditures;
  • Except for television commercials, increases the amount of qualified local expenditures for a production company that does not originate the film production activities in Colorado to $1 million;
  • Requires the Colorado economic development commission to approve all conditional approvals of the incentives;
  • Requires a production company that has received conditional approval for an incentive to retain a certified public accountant licensed to practice in this state to conduct an audit of financial documents that detail the expenses incurred in the course of the film production activities in Colorado, and requires such certified public accountant to certify to the office that the requirements were met; and
  • Creates the Colorado office of film, television, and media operational account cash fund.

Sections 3 to 5 make conforming amendments related to moving the office and creating the cash fund.

Section 7 of the bill makes a $3 million appropriation from the general fund to the Colorado office of film, television, and media operational account cash fund.

Latest update: May 18, 2012
05/18/2012 Governor Action - Signed
05/16/2012 Signed by the President of the Senate
05/16/2012 Sent to the Governor
05/15/2012 Signed by the Speaker of the House
05/09/2012 Senate Third Reading Passed
05/09/2012 House Considered Senate Amendments - Result was to Concur - Repass
05/08/2012 Senate Second Reading Special Order - Passed with Amendments
05/04/2012 Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole
05/01/2012 Senate Committee on Finance Refer Amended to Appropriations
04/30/2012 Senate Committee on Business, Labor and Technology Refer Unamended to Finance
04/13/2012 Introduced In Senate - Assigned to Business, Labor and Technology + Appropriations
04/12/2012 House Third Reading Passed
04/11/2012 House Second Reading Passed with Amendments
04/10/2012 House Second Reading Laid Over Daily
04/05/2012 House Committee on Appropriations Refer Amended to House Committee of the Whole
02/29/2012 House Committee on Finance Refer Amended to Appropriations
02/16/2012 House Committee on Economic and Business Development Refer Amended to Finance
02/07/2012 Introduced In House - Assigned to Economic and Business Development