Volume 1 | Issue 3
MARCH 2008
Contact WFW:
WashingtonFilmWorks
1218 Third Ave., Ste. 1515 Seattle, WA 98101
Ph: 206.264.0667
Fax: 206.382.4343
email us
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WashingtonFilmWorks Legislative Update
WashingtonFilmWorks is pleased to announce that the state legislature unanimously passed SSB 6423. The bill, prime sponsored by Senator Lisa Brown (D-Spokane), goes far to improve upon the legislation passed in March 2006. In the House, the legislation was sponsored by Rep. Phyllis Kenney (D-Seattle). The bill as passed makes the following changes to current law:
• Allows the B&O tax credit to remain at a dollar for dollar amount rather than decreasing the credit to 90 percent starting in 2009
• Eliminates the $1 million per production cap
• Changes the investment requirement for TV commercials from $250,000 to $150,000
• Modifies the governing board to staggered 4-year terms
These changes become amended in mid June.
Prior to being amended in committee, the original bill would have increased the statewide annual cap for contributions from $3.5 million to $10 million. Because of the current state of our economy the legislature was unwilling to allocate additional funds for the program. However the organization will continue to push for this in future sessions.
Governor Gregoire is tentatively scheduled to take action on the bill in Spokane on Thursday, March 20. Please check our website www.WashingtonFilmWorks.org for more detailed information later this week.
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