2008-03-04                     Senate Journal                      Page 2078
                        Consideration of the Calendar                                                                        
                                                                                                                                
                        Second Reading of Senate Bills                                                                       
                                                                                                                                
SB 230                                                                                                                        
SPONSOR SUBSTITUTE FOR SENATE BILL NO. 230 "An Act                                                                              
establishing the film office in the Department of Commerce,                                                                     
Community, and Economic Development; and creating a transferable                                                                
tax credit applicable to certain film production expenditures incurred                                                          
in the state" was read the second time.                                                                                         
                                                                                                                                
Senator Stedman, Cochair, moved and asked unanimous consent for                                                                 
the adoption of the Finance Committee Substitute offered on page                                                                
2025. Without objection, CS FOR SPONSOR SUBSTITUTE FOR                                                                          
SENATE BILL NO. 230(FIN) "An Act establishing the film office in                                                                
the Department of Commerce, Community, and Economic                                                                             
Development; creating a transferable tax credit applicable to certain                                                           
film production expenditures incurred in the state; and providing for                                                           
an effective date" was adopted.                                                                                                 
                                                                                                                                
Senator Stedman offered Amendment No. 1 :                                                                                        
                                                                                                                                
Page 3, line 18:                                                                                                                
     Following "an":                                                                                                            
          Insert "advertisement"                                                                                                
     Following "infomercial":                                                                                                   
          Insert ","                                                                                                            
     Following "funds":                                                                                                         
          Insert ", except for a commercial television advertisement                                                            
     produced for national distribution"                                                                                        
                                                                                                                                
Page 6, line 10:                                                                                                                
     Delete "paid to a highly compensated individual"                                                                           
     Insert "in excess of $2,000,000 paid to a person in connection with                                                        
a single qualified film production"                                                                                             
                                                                                                                                
Page 6, lines 11 - 13:                                                                                                          
     Delete all material.