Bill > HB2142

This bill modifies the "Show MO Act" tax credit program for motion media production projects in Missouri, expanding and clarifying the existing tax incentive framework. The bill provides a comprehensive set of provisions for film and media production tax credits, offering a base 20% tax credit for qualifying expenses, with opportunities to earn additional 5% credits for meeting specific criteria such as filming at least 50% of a project in Missouri, filming in rural or blighted areas, hiring Missouri residents in specialized craft positions, and positively marketing Missouri locations. The bill sets specific requirements for the number of Missouri registered apprentices or veterans that must be employed based on the project's qualifying expenses, ranging from two to eight individuals depending on the project's scale. For tax years 2023-2026, the total tax credits are capped at $8 million per year for film and series production, with this cap increasing to $16 million per year starting in 2027. Taxpayers can carry forward unused credits for up to five tax periods and can sell or transfer these credits. The bill also includes provisions for automatic sunset of the program on December 31, 2035, unless reauthorized, and includes a unique clause that would terminate the program if all other state and local governments in the United States end their film production incentive programs.

Business and Industry

https://house.mo.gov/Bill.aspx?bill=HB2142&year=2026&code=R