Bill > SB94

This bill establishes tax credits for the production of certain entertainment, including films, series, videos, commercials, video games, and other media productions. Key provisions of the bill include: - Providing a 20% tax credit on qualifying expenses for motion media production projects, with additional credits of up to 20% available for meeting certain criteria (e.g., filming in Missouri, hiring Missouri residents, marketing the state). - Limiting the total annual tax credits to $8 million for film productions and $8 million for series productions. - Requiring qualified projects to meet minimum spending and employment thresholds. - Allowing tax credits to be transferred or sold to other Missouri taxpayers. - Establishing the "Entertainment Industry Jobs Act" to provide a 30% tax credit on rehearsal and tour expenses for certain live music performances in Missouri. - The tax credits are set to automatically sunset either in 2029 or when other states have terminated their entertainment industry tax incentive programs.

Budget and Finance, Business and Industry, Government Affairs

https://www.senate.mo.gov/23info/BTS_Web/Bill.aspx?SessionType=R&BillID=44658