The Kansas Film and Digital Media Production Development Act is designed to enhance the film, video, and digital media production industry in Kansas by providing income tax credits and sales tax exemptions for eligible productions, which include feature films, documentaries, and video games that incur at least $50,000 in qualified expenses. The act outlines the responsibilities of the Secretary of Commerce in administering the program, including the approval of projects as certified productions. To qualify for the incentives, production companies must submit an application detailing their financing and project description, and the Secretary will assess the economic impact of the project while promoting the use of local vendors and crew.

Significant amendments in the bill include a reduction of the maximum aggregate amount of tax credits allowed in a tax year from $10,000,000 to $5,000,000, with a portion reserved for Kansas-based production companies. The bill also establishes a timeline for the incentive program, stating that no tax credits or exemptions will be available for expenditures made after January 1, 2035. Additionally, the bill introduces new provisions for tax exemptions related to nonprofit organizations and contractors, emphasizing compliance and accountability in the use of tax-exempt materials. Overall, the legislation aims to stimulate economic growth in the film and digital media sector while ensuring that tax benefits are utilized effectively.

Statutes affected:
As introduced: 79-3606
As Amended by Senate Committee: 79-3606