President Petro Poroshenko veto and returned to Parliament with his proposals the Law of Ukraine «On state support of cinematography in Ukraine», adopted by the Verkhovna Rada on 22 September 2016. This was reported by the press service of the head of state.
The President noted the necessity to strengthen state support of cinematography in Ukraine. Development and reform of national cinematography under the Strategy for sustainable development «Ukraine – 2020».
The head of state noted that the Law «On state support of cinematography in Ukraine», which went on to sign has a number of positive norms that will contribute to the creation of conditions for development of production, introduction of transparent procedures for the implementation of Finance projects that will lay the Foundation for the enforcement of intellectual property rights and the like.
At the same time, the President returned the Law to Parliament with proposals for improvements with the aim of bringing its provisions into conformity with the requirements of the Constitution of Ukraine, the Budget code, in accordance with the norms of other legislative acts.
The head of state considers it appropriate to modify the proposed Law, the mechanism of granting of state subventions to return that portion of the qualified expenditures incurred by the subject of cinematography at the film production, considering the principles of budget and tax legislation, stating it in a separate law.
As reported, on September 22 the Verkhovna Rada of Ukraine adopted the Law «On state support of cinematography in Ukraine» (registration number 3081-e).
The law stipulates that the state support of cinematography at the expense of the State Fund of support of cinematography of Ukraine. The sources of the Fund are, in particular, the General Fund of the state budget of Ukraine in the amount of not less than 0.2 percent of the expenditures of the General Fund budget for the previous year. Financial support of cinematography may be carried out through grants, gifts, charitable contributions, donations, and local funds.
The President has applied the veto to the law on state support of cinematography 18.11.2016