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Committee advances film incentive changes that raise base credit and add in-state hiring enhancements

REVENUE & TAX - SENATE · March 30, 2023
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

House Bill 15 92, advanced by the Revenue & Tax committee, raises the base film-production incentive from 20% to 25%, adds enhancements for in-state hiring and for filming in AEDC-designated economic development areas, and keeps the $4,000,000 cap; members debated whether benefits primarily aid out-of-state companies.

House Bill 15 92 cleared the Senate Revenue & Tax committee after a brief but pointed exchange about who benefits from film-production incentives.

Presenter (Speaker 2) told the committee the bill does not increase the $4,000,000 statutory cap but restructures incentive tiers to encourage longer, larger productions and to boost in-state employment. "It does not increase funds," the presenter said, and described raising the base incentive from 20% to 25% and adding…

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