Monday, February 7, 2011

Colo. Bill in the works: Movie Ticket Fee For Film Incentives

Proposed: Commencing on July 1, 2011, the bill imposes a fee of 10 cents on each movie ticket sold in the state. The bill requires movie ticket vendors to remit the fee revenue in conjunction with the vendor's remittance of sales tax revenue and requires the department of revenue to credit the fee revenue to the creative industries cash fund. The movie ticket fee revenue is to be used by the Colorado office of film, television, and media to fund the performance-based incentive program for film production in Colorado. Status: 2/04/2011 Introduced In House - Assigned to Economic and Business Development. Sponsors: MASSEY / SPENCE