The bill amends the Michigan Strategic Fund Act to enhance the state's film and digital media industry by establishing the Michigan film and digital media office as the successor to the previous Michigan film office. Key updates include the redefinition of terms such as "Applicant," "Commissioner," and "Office" to encompass "digital media" alongside traditional film and television. The new office will have expanded powers to promote and support film and media production, including marketing, providing technical assistance, and acting as a liaison between producers and government entities. The Michigan film commissioner will now report directly to the governor and manage the office independently of the fund.

Additionally, the bill creates the Michigan film promotion fund within the state treasury, allowing for the receipt of various funding sources, including federal funds and donations. It specifies that proceeds deposited in the promotion fund will reference sections 285 and 678 of the income tax act of 1967, and mandates that all appropriated funds for film incentives will be transferred to this promotion fund starting October 1, 2011. The bill also includes a one-time transfer of $37,126,100 from the Michigan film promotion fund to the general fund for the fiscal year ending September 30, 2020, and repeals Section 29h of the Michigan Strategic Fund Act, with the stipulation that it will not take effect unless related legislation is enacted.

Statutes affected:
House Introduced Bill: 125.2029