Bill > H2487

This bill aims to boost economic development and business opportunities in the video game industry by establishing tax credits for companies involved in the design and manufacture of video games. It defines "video games" as interactive software distributed electronically or on physical media, which users can interact with to achieve goals, and explicitly excludes gambling-related products. A "video game production company" is defined as a business engaged in producing video games, with restrictions on ownership by companies or individuals in default on loans from the Commonwealth. The bill amends existing laws, specifically Chapter 62 and Chapter 63 of the General Laws, to include video games and video game production companies in provisions that previously applied to motion pictures and motion picture production companies, thereby extending eligibility for tax credits to this sector.