The proposed bill, General Assembly Proposed Bill No. 5981, aims to amend chapter 208 of the general statutes by establishing an annual aggregate cap of fifty million dollars on the total amount of tax credits available under the film production, entertainment industry infrastructure project, and digital animation tax credit programs. This legislative change is intended to regulate the financial impact of these tax credit programs on the state's budget.

The bill does not specify any deletions from current law but introduces the new legal language that sets the annual cap on tax credits. The purpose of this cap is to ensure that the tax incentives provided to the film industry are limited to a manageable amount, thereby promoting fiscal responsibility while still supporting the growth of the entertainment sector in the state.