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HB 400

Motion picture production; increases aggregate cap on tax credit, extends sunset.

2026 Regular Session Introduced by Betsy Carr and 2 co-sponsors

Virginia expands its film production tax credit cap and extends program sunset, increasing state incentives to attract movie and TV productions.

Approved by Governor-Chapter 795 (effective 7/1/2026)
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Bill Summary · HB 400

Legislative bill overview

HB 400 increases the aggregate cap on Virginia's motion picture production tax credit and extends the program's sunset date. The bill expands the financial incentive available to film and television productions operating in the state while prolonging the credit's availability beyond its current expiration timeline.

Why is this important

Film production tax credits are designed to attract entertainment industry investment and jobs to states. By raising the cap and extending the program, Virginia aims to remain competitive with other states offering similar incentives, potentially generating economic activity, employment, and tax revenue in related industries.

Potential points of contention

  • Fiscal cost vs. economic benefit: Expanding tax credits reduces state revenue in the short term; critics may question whether the promised economic returns justify this investment or whether those funds could be better spent elsewhere
  • Incentive effectiveness: Questions about whether film productions actually relocate based on tax credits or simply claim credits for projects already planned, meaning taxpayers subsidize activity that would occur anyway
  • Equity concerns: Some argue tax credits for entertainment industries represent corporate welfare when other sectors or social services face budget constraints

Compiled from official sources — confirm details with the bill’s official record.

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