Bill > SB367

This bill establishes the "Show Missouri Film and Digital Media Act" to provide tax credits for qualified film production projects in Missouri. The key provisions include: - Defining "qualified film production project" as a film, video, commercial, or television production that meets certain budgetary requirements and features a statement or logo indicating it was filmed in Missouri. - Allowing a 25% tax credit for qualifying in-state expenses and a 10% tax credit for qualifying out-of-state expenses, with the potential for an additional 5% credit each for filming at least 50% in Missouri and positively marketing the state. - Capping the total annual tax credits at $4.5 million and allowing taxpayers to carry forward unused credits for up to 10 years. - Permitting the transfer of tax credits to other taxpayers. - Automatically sunsetting the program on December 31, 2027, unless reauthorized by the legislature.

Business and Industry

https://www.senate.mo.gov/21info/BTS_Web/Bill.aspx?SessionType=R&BillID=55749055