Section 261.36.2. Definitions.

The following definitions apply to this chapter:

“Act” means Iowa Code sections 15.391 to 15.393 as amended by 2009 Iowa Acts, Senate File 480, that authorize tax credits for film, television, and video projects.

“Commercial domicile” means the principal place from which the trade of business of the taxpayer is directed or managed.

“IDED” means the Iowa department of economic development.

“Investor” means a person or entity that participates financially in a film, television, or video project that is registered by IDED.

“Iowa-based business” means a business whose commercial domicile is in Iowa.

“Producer”  or “production company”  means the legally designated entity that undertakes and pays for the project activities in Iowa.

“Project” means a film, television, or video production operation that involves expenditures and is undertaken in Iowa during the period of time defined in the application.

“Registered”  or “registered project”  means a film, television, or video production operation that has been determined by IDED to meet the criteria in 261—36.3(15).

[ARC 7956B, IAB 7/15/09, effective 7/1/09]