Bill > HB1499

This bill modifies the "Show MO Act" tax credit program for motion media production projects in Missouri, expanding and clarifying the existing tax incentives for film and media productions. The bill defines qualifying motion media production projects as film, video, commercial, and digital media productions over 30 minutes long with qualifying expenses over $100,000, excluding news, sports, political ads, and other specific types of content. Producers can earn a base 20% tax credit on qualifying expenses, with additional 5% credits available for filming at least 50% in Missouri, shooting in rural or blighted areas, hiring local talent in specialized craft positions, and creating content that positively markets Missouri. The bill sets specific requirements for employing Missouri apprentices or veterans based on project budget size. From 2023 to 2025, the total annual tax credits are capped at $8 million each for film and series production, with this cap increasing to $16 million per year starting in 2026. Taxpayers can carry forward unused credits for up to five tax periods and can sell or transfer these credits. The program is set to automatically sunset on December 31, 2029, unless reauthorized, and will also terminate if all other U.S. states end similar film production incentive programs.

Business and Industry, Government Affairs

https://house.mo.gov/Bill.aspx?bill=HB1499&year=2025&code=R