Provides for changes to the sound recording investor tax credit and provides for the amount of the expenditure verification report fee and deposit (EN DECREASE GF RV See Note)
Changes eligibility requirements for Enterprise Zone benefits (EN INCREASE GF RV See Note)
Reduces the amount of certain tax credits beginning January 1, 2014, for income tax credits and January 1, 2015, for corporate franchise credits (RE INCREASE GF RV See Note)
Reduces certain income and franchise tax credits (OR +$13,000,000 GF RV See Note)
Authorizes the use of motion picture investor tax credits against corporation franchise and severance taxes (EG INCREASE GF RV See Note)
Reduces income and corporation franchise tax credits (EN +$31,500,000 GF RV See Note)
Provides for an additional motion picture tax credit for eligible expenditures incurred on productions produced at certain facilities
Provides for a flat rate for purposes of calculating income tax for individuals, estates, and trusts, increases the standard deduction, and modifies or repeals certain income tax deductions and credits (Item #5 and 6) (RE1 DECREASE GF RV See Note)