THE INCENTIVES PROGRAM - TIP

House Bill 113 proposes to establish the Alaska film production promotion program, details are as follows:

• Establishes a base transferable tax credit equal to 25% of qualified expenditures;
• Allows for the following additional uplifts:
  • 5% of wages paid to Alaska residents;
  • 2% of qualified expenditures made in a rural area, as defined;
  • 2% of qualified expenditures made in the state between October 1 and March 30;
• Limits the aggregate amount of tax credits provided under this section to $20 million;
• Requirements:
  • Spend $100,000 or more on qualified expenditures in a consecutive 24-month period;
  • Submit a verification report prepared by an independent certified public accountant approved by the film production promotion program;
  • Include screen credit in the end credits; and,
• Establishes a sunset date of July 31, 2035.

If enacted, this act shall take effect immediately.

House Bill 655 proposes to amend the Georgia Entertainment Industry Postproduction Investment Act, as follows:

• Establishes an additional tax credit equal to 5% of the qualified postproduction expenditures provided that:
  • $250,000 or more of the qualified postproduction expenditures are incurred in one or more counties that individually have a population of less than 100,000 with 10% or more of such population living in poverty based upon the most recent, reliable, and applicable data published by the United States Bureau of the Census; and,
• Increases the aggregate amount of tax credits allowed under this section from $10 to $60 million per year for taxable years beginning on or after January 1, 2026, and before January 1, 2031.

If enacted, this Act shall become effective on July 1, 2025, and be applicable to taxable years beginning on or after January 1, 2026.

House Bill 498 and Senate Bill 427 propose to amend the Maryland Film Production Activity Tax Credit program, as follows:

• Allocates $20 million to the program’s annual funding for fiscal year 2026, and each fiscal year (7/1 – 6/30) thereafter; and,
• Removes the current $10 million per project incentive cap.

Senate Bill 326 proposes to amend the Montana Media Production tax credit program, as follows:

• Qualifies 30% of the compensation paid to each resident veteran or an enrolled member or descendant of an Indian tribe recognized by the state, up $150,000 credit for each person;
• Modifies the definition of qualified production to include unscripted television and documentaries;
• Increases the total amount of tax credit claims from $12 million to $30 million, to be allocated as follows beginning January 1, 2025:
  • $12 million is allocated for credits approved prior to December 31, 2024;
  • $18 million is allocated on a first-come, first-served basis as follows:
    • 40% to any production company or postproduction company on a first-come, first-served basis;
    • 10% for independent film productions, as defined;
    • 25% for media production credits derived from any portion of base investment related to the rental cost of qualified Montana facilities;
    • 25% for domiciled companies;
• Requires a minimum of 60% of principal photography be completed in the state;
• Stipulates that beginning January 1, 2025, a tax credit must be claimed for the year in which the production expenditures were incurred or the compensation was paid; and,
• Extends the program’s sunset date to December 31, 2045.

If enacted, this Act shall be effective on passage.

Senate Bill 6751 proposes to amend the Empire State Film Production Credit by excluding a production which uses artificial intelligence or autonomous vehicles in a manner which results in the displacement of employees whose salaries are qualified expenses, from the definition of qualified film.

If enacted, this act shall take effect immediately.

House Bill 5000 proposes to amend the moving image industry incentive program, by modifying the filming requirement from at least 60% of the moving image project must be filmed in Texas to at least 60% of the moving image project must be produced in Texas.

If enacted, this act takes effect September 1, 2025.

House Bill 5440 proposes to amend the moving image industry incentive program, as follows:

• Reduces the minimum spend requirement to $100,000 of in-state spending for a moving image project;
• Increases the percentage of Texas production crew, actors, and extras requirement from 55% to 70%; and,
• Limits the grant amount that may be awarded to 30% of a production company’s eligible in-state spending for the moving image project.

If enacted, this act takes effect September 1, 2025.