HB 239 Smith, Travis
HB 239 -- SHOW MISSOURI FILM AND DIGITAL MEDIA ACT
SPONSOR: Smith (155)
This bill establishes the "Show Missouri Film And Digital Media Act".
The bill reauthorizes a tax credit for certain expenses related to the production of qualified film production projects, as defined in the bill. Tax credits for such expenses under previous law expired on November 28, 2013.
Beginning with all tax years on or after January 1, 2024, this bill authorizes a tax credit equal to 25% of qualifying in-state expenses, as defined in the bill, and 10% of qualifying out-of-state expenses, as defined in the bill, associated with the production of a qualified film production project. An additional 5% tax credit may be awarded for both in-state and out-of-state qualifying expenses if at least 50% of the qualifying film project is filmed in Missouri. An additional 5% tax credit may be awarded if the Department of Economic Development determines that the script of the qualifying film project reflects positively on certain aspects of Missouri.
The bill sunsets on December 31, 2030.
This bill is similar to HB 2558 (2022).