Bill > HB2142

This bill modifies the "Show MO Act," which provides tax credits for qualified motion media production projects in Missouri. Key provisions include increasing the annual cap on tax credits from eight million dollars to sixteen million dollars starting in 2027, while maintaining the eight million dollar cap for film and series productions separately until then. The bill also clarifies definitions for terms like "above-the-line individual" and "qualified motion media production project," which encompasses a broad range of media including films, series, commercials, video games, and more, provided they meet certain length and expense requirements and are approved by the Department of Economic Development and the Missouri Film Commission. The act also outlines additional tax credit percentages for projects filmed significantly in Missouri, in rural or blighted areas, or that hire Missouri residents for specialized positions or veterans, and for projects that positively market the state. It also sets minimum employment requirements for Missouri registered apprentices or veterans based on project expenses and establishes a sunset date of December 31, 2029, unless reauthorized.