Corporate income tax: credits; film incentive credit; restore. Amends secs. 701, 703 & 843 of 1967 PA 281 (MCL 206.701 et seq.) & adds secs. 285 & 678. TIE BAR WITH: HB 5992'26

Summary

The bill amends the corporate income tax code to add a credit for companies that produce qualified films or digital interactive media in the state. It sets out definitions, certification requirements, and reporting rules, and bars entities tied to defaulted state loans from receiving the credit. The Michigan Film and Digital Media Office will administer the program.

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