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Public hearing on HB 3329 spotlights film incentives’ local economic effects; bill would raise production tax credit cap
Summary
HB 3329 would raise the annual cap on certified film production tax credits from $20 million to $28 million. Testimony at a Feb. 17 public hearing highlighted local business, tourism and job gains tied to film production, especially in smaller communities.
The House Committee on Economic Development, Small Business and Trade received public testimony Feb. 17 on House Bill 3329, which would increase the allowable amount of tax credits for certified film production contributions from $20,000,000 to $28,000,000 for fiscal years beginning on or after July 1, 2025.
Committee staff summarized the bill for members and noted the proposed effective date in the bill summary. Witnesses from across the state described concrete local economic impacts tied to film and television production, particularly for small businesses and…
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