RELATING TO THE MOTION PICTURE, DIGITAL MEDIA, AND FILM PRODUCTION INCOME TAX CREDIT.
The committee(s) on ECD recommend(s) that the measure be deferred.
Summary
The measure increases the percentage of qualified production costs that qualify for a state income‑tax credit, lifts the $17 million per‑project limit for big productions, and raises the yearly credit pool to $60 million. It also expands the credit to include productions made for streaming platforms and defines new reporting and certification requirements. The changes aim to attract larger film, TV and digital projects and create more local jobs.
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