Bill > HB2374

This bill modifies the Filmed in Oklahoma Act of 2021, expanding definitions and procedures related to film production incentives in Oklahoma. The bill adds new definitions for terms like "live audience episodic television" and "loan-out corporation", and expands the definition of "film" to include more types of media like animation and reality television. It introduces new requirements for production companies, specifically mandating that they withhold Oklahoma income tax at the highest percentage rate for payments to loan-out companies and allocate those withholdings to the company's employees who performed services in Oklahoma. The bill also updates apprenticeship requirements for productions, specifying the number of apprentices needed based on the production's Oklahoma expenditure levels, ranging from 2 to 16 apprentices depending on the total spend. Additionally, the bill establishes that $35,000 annually will be set aside from the program's top tier for conducting economic impact reviews. The changes aim to provide more clarity and structure to Oklahoma's film production incentive program, with an effective date of July 1, 2025.

Budget and Finance, Labor and Employment

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb2374&Session=2600