While this legislation changes the state income tax credit for certain entertainment production companies, it impacts counties by extending or reinstating several sales tax exemptions. The legislation reinstates the sales tax exemption on food and food ingredients sold to a food bank through 2016. It reinstates the sales tax holiday and the energy efficient product tax holiday for 2014 and 2015. It further extends the sales tax exemption on personal property used for and in the construction of a competitive project of regional importance through June of 2016. The projected fiscal impact statewide on local governments is approximately $44.45 million per year. These exemptions arose out of the Governor's Competitiveness Initiative Committee that met during the interim. ACCG opposed the reinstatement of both sales tax holidays.