summary
Introduced
01/24/2025
01/24/2025
In Committee
03/12/2025
03/12/2025
Crossed Over
Passed
Dead
Introduced Session
2025 Regular Session
Bill Summary
This bill: I. Establishes an office of film and creative media within the department of business and economic affairs. II. Establishes business enterprise tax credits for qualifying film and motion picture companies. III. Appropriates funds to staff the office of film and creative media.
AI Summary
This bill establishes the New Hampshire Office of Film and Creative Media within the Department of Business and Economic Affairs, creating a new administrative entity designed to support and promote the state's film and media industry. The office will have several key responsibilities, including connecting film and media organizations, serving as a point of contact for production companies, providing information on tax incentives, maintaining databases of industry professionals and opportunities, and encouraging out-of-state production companies to film in New Hampshire. The bill also introduces two significant Business Enterprise Tax credits for film and motion picture production companies: a 25% tax credit for qualifying employee wages (up to $250,000 per employee) and a 25% tax credit for production-related expenses, both with specific eligibility requirements such as incurring at least $50,000 in production-related expenses and spending more than 50% of production time or expenses in New Hampshire. To support the new office's operations, the bill appropriates $500,000 for each of the fiscal years ending June 30, 2026 and June 30, 2027, which will be used to staff the office with a director and two full-time support staff members. The office will also have the ability to seek federal grants, pursue private foundation partnerships, and participate in federal programs to further support its mission of developing New Hampshire's film and creative media industry.
Committee Categories
Government Affairs
Sponsors (4)
Last Action
Pending Motion OT3rdg; 03/20/2025; Senate Journal 8 (on 03/20/2025)
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