Reported from EDT (Stand. Com. Rep. No. 3148) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
Summary
The measure applies the state’s manufacturing general excise tax to qualified film, TV, commercial and digital media projects, but exempts amounts that a producer passes on to employees for wages, payroll taxes, insurance, benefits and loan‑out company payments. It also requires payors to withhold more than the actual amount due when they claim the Motion Picture, Digital Media, and Film Production Income Tax Credit. The changes take effect for taxable years beginning after Dec. 31, 2026.
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