Utah Code 63N-8-105. Annual report — Review by interim committee
Current as of: 2024 | Check for updates
|
Other versions
(1) The office shall include the following information in the annual written report described in Section 63N-1a-306 :
Terms Used In Utah Code 63N-8-105
- Dollars left in the state: means expenditures made in the state for a state-approved production, including:(3)(a) an expenditure that is subject to:(3)(a)(i) a corporate franchise or income tax under Title 59, Chapter 7, Corporate Franchise and Income Taxes;(3)(a)(ii) an individual income tax under Title 59, Chapter 10, Individual Income Tax Act;(3)(a)(iii) a sales and use tax under Title 59, Chapter 12, Sales and Use Tax Act, notwithstanding any sales and use tax exemption allowed by law; or(3)(a)(iv) a combination of Subsections (3)(a)(i), (ii), and (iii);(3)(b) payments made to a nonresident only to the extent of the income tax paid to the state on the payments, the amount of per diems paid in the state, and other direct reimbursements transacted in the state; and(3)(c) payments made to a payroll company or loan-out corporation that is registered to do business in the state, only to the extent of the amount of withholding under Section
59-10-402 . See Utah Code 63N-8-102- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
(1)(a) the office’s success in attracting within-the-state production of television series, made-for-television movies, and motion pictures, including feature films and independent films;(1)(b) the amount of incentive commitments made by the office under this part and the period of time over which the incentives will be paid;(1)(c) the economic impact on the state related to:(1)(c)(i) dollars left in the state; and(1)(c)(ii) providing motion picture incentives under this part; and(1)(d) any recommendations for legislative changes to the motion picture incentives available only for rural productions under Subsection63N-8-103 (3)(c).
(2)
(2)(a) Beginning in 2025, and every two years thereafter, the Economic Development and Workforce Services Interim Committee shall conduct a review of the motion picture incentives available only for rural productions under Subsection 63N-8-103 (3)(c).
(2)(b) In a review under this Subsection (2), the Economic Development and Workforce Services Interim Committee shall:
(2)(b)(i) study any recommendations provided by the office under Subsection (1)(d); and
(2)(b)(ii) if the Economic Development and Workforce Services Interim Committee decides to recommend legislative action to the Legislature, prepare legislation for consideration by the Legislature in the next general session.