Bill > SB1

This bill creates the Kentucky Film Office within the Cabinet for Economic Development to support and promote the state's film industry. The bill establishes a new Kentucky Film Leadership Council composed of seven members, including government officials and representatives from the film industry, who will be responsible for reviewing tax incentive applications, developing film industry strategies, and hiring an executive director for the Film Office. The office will have duties including coordinating with local film commissions, marketing Kentucky as a film production location, assisting production companies with compliance, and creating a one-stop information portal for film producers. The bill also modifies existing tax incentive programs for film productions, maintaining a cap on total annual tax credits (with $25 million specifically allocated for continuous film productions) and establishing a sliding scale of application fees based on the production's total qualifying expenditures. The tax incentive program offers refundable credits for productions that meet certain spending thresholds and film in Kentucky, with higher incentive rates for productions in enhanced incentive counties. The new office and council will become operational on July 1, 2025, with the goal of encouraging film production, creating employment opportunities, and developing production infrastructure in Kentucky.

Business and Industry

https://apps.legislature.ky.gov/record/25RS/sb1.html