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Bill

SB 828

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

2026 Regular Session Introduced by Lamont Bagby

SB 828 increases Virginia's motion picture production tax credit aggregate cap and extends the program's expiration date to attract more film and TV productions to the state.

Stricken at request of Patron in Finance and Appropriations (14-Y 0-N)
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Bill Summary · SB 828

Legislative bill overview

SB 828 increases Virginia's motion picture production tax credit cap and extends the program's sunset date. The bill modifies existing tax incentive legislation to make film and television production more financially attractive to studios considering the state as a production location.

Why is this important

Film production tax credits are a major economic development tool states use to attract entertainment industry jobs and spending. Virginia's decision on credit levels directly affects whether major productions choose to film in-state versus competing jurisdictions, with ripple effects across tourism, hospitality, and local employment.

Potential points of contention

  • Fiscal cost vs. economic return: Whether increased tax credits generate sufficient economic activity and tax revenue to offset their cost to the state budget
  • Market distortion concerns: Debate over whether subsidizing one industry diverts resources from other priorities and creates unfair competitive advantages
  • Sunset extensions: Questions about whether repeatedly extending tax credits signals permanent policy or indicates they should be made permanent, affecting long-term budget predictability

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

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