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Committee hears push to make Indiana film and media tax credit transferable to grow local production
Summary
Senate Bill 306 would make Indiana's film and media tax credit transferable to improve competitiveness for production and to help keep work and graduates in the state.
Senate Bill 306 was presented to the House Ways and Means Committee as a structural change to Indiana's film and media tax credit: make the credit transferable (and thus more attractive to producers and investors) and thereby boost the state’s ability to retain film and commercial production and creative‑economy jobs.
Senator Zay and Representative Heine described the proposal as a modest step to make the existing production tax credit competitive with neighboring and regional states that offer higher or refundable/transferable credits. Testimony…
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