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Trust adopts amended film incentive program, adds definitions and audit requirement
Summary
The Oklahoma City Economic Development Trust approved an amended and restated film incentive program that expands qualifying project types, adds an audit requirement and creates a limited waiver to the city's 50% in-city shooting requirement for large productions.
Miss Simpson, a city presenter, told the Oklahoma City Economic Development Trust on June 17 that staff recommended amending the city's film incentive policy to reflect changes in the industry and tighten compliance. The trustees voted to approve a joint resolution adopting the amended and restated film incentive program.
Simpson said the city's 2021 film rebate policy still worked in many ways but needed clearer definitions and exceptions to keep projects in Oklahoma City as distribution and production models change. "The film industry is changing at a really rapid…
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