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Committee backs bigger film rebate cap and extends eligibility to accredited theater productions
Summary
Committee voted to raise the annual film rebate cap from $10 million to $30 million, permit three-year carryforward of unused rebates, change funding to the general fund and extend the program to certain theater productions; members cited economic multipliers and limited scope for theater additions.
The Ways and Means Committee approved House Bill 3832 with a subcommittee amendment that raises the state’s film production rebate cap and extends the rebate program to certain accredited theater productions.
Representative Kaske said the bill increases the total annual wage and expenditure rebate cap for motion picture production companies from $10 million to $30 million, allows unused…
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