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Committee raises film tax credit cap to $30M, adds Montana-first sideboards; opponents warn fiscal risk
Summary
Senate Bill 326 would raise Montana’s media tax-credit cap from $12 million to $30 million and add reservation sideboards supporters say will prioritize Montana-based productions, facilities and domiciled companies.
Senator Greg Hertz sponsored Senate Bill 326 to raise Montana’s media tax-credit annual cap from $12 million to $30 million, a change supporters said is necessary to keep productions and associated economic activity in state.
Todd O’Hair, president and CEO of the Montana Chamber of Commerce, and other business and tourism witnesses described a multiplier effect from film production in Montana: hotels, caterers, carpenters, seamstresses and other small businesses often see sustained revenue spikes while productions are in a community. "We see a massive sort of multiplier effect," O’Hair told the committee, citing local…
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