Bill > HB2523

This bill enhances incentives for film and media production in Oregon by increasing financial support and extending tax credit opportunities. Specifically, the bill raises the maximum reimbursement for local filmmakers and media production services companies from $1 million to $2 million for actual Oregon expenses. The legislation expands the Oregon Production Investment Fund's support by allowing a 20% reimbursement for employee salaries and a 25% reimbursement for other Oregon-based expenses, with additional travel and living expense rebates for films shot outside the Portland metropolitan zone. The bill also extends the sunset date for the film production development tax credit from January 1, 2030, to January 1, 2034, giving media production companies more long-term certainty. These changes will apply to fiscal years beginning on or after July 1, 2025, and are designed to incentivize film and media production within Oregon by providing more financial support and flexibility for local production companies. The bill aims to boost the state's media production industry by making Oregon a more attractive location for filmmakers and media producers.

Business and Industry

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB2523