Bill > S0652

This bill amends the South Carolina Code of Laws to increase the annual limit for tax rebates to motion picture production companies from $10 million to $40 million. It also allows the South Carolina Film Commission to rebate up to 30% of expenditures made by production companies in the state, as long as they have a minimum in-state expenditure of $1 million. Additionally, the bill allows the Film Commission to use a portion of the rebate allotment to fund its operations and promote collaborative efforts between higher education institutions and motion picture-related entities. Finally, the bill repeals a section related to the distribution of admissions taxes for rebates to motion picture production companies.