SB 367 - This act creates the "Show Missouri Film and Digital Media Act". This act reauthorizes a tax credit for certain expenses related to the production of qualified film production projects in this state, as defined in the act. Tax credits for such expenses under previous law expired on November 28, 2013.
For all tax years beginning on or after January 1, 2021, this act authorizes a tax credit equal to 25% of qualifying in-state expenses, as defined in the act, and 10% of qualifying out-of-state expenses, as defined in the act, associated with the production of a qualified film production project. An additional 5% may be awarded for both qualifying in-state and out-of-state expenses if at least 50% of the qualified film production project is filmed in Missouri. A further additional 5% may be awarded for both qualifying in-state and out-of-state expenses if the Department of Economic Development determines that the script for such project positively markets a city or region of the state, the entire state, or a tourist attraction located in the state.
This act shall sunset on December 31, 2027, unless reauthorized by the General Assembly.
This act is substantially similar to SB 366 (2020), HB 923 (2019), HB 1661 (2018), and HB 788 (2017), and to a provision contained in SS/SCS/SB 354 (2021) and SS/SCS/HB 948 (2021).
JOSH NORBERG
Statutes affected: Introduced (1718S.01):
135.750
Senate Committee Minutes: SENATE COMMITTEE MINUTES Bill No.: SB 367
Sponsor: Hoskins
Hearing Date: 2/23/2021
COMMITTEE: Economic Development
CHAIRMAN: Hoskins
DATE REFERRED: 2/11/2021 DATE HEARING REQUESTED: 2/11/2021
STAFF:
Rachel Bauer
Josh Norberg
Kelley Rogers
Chris Sutherland
WITNESSES GIVING INFORMATION:
WITNESSES FOR:
Jennifer Durham - Motion Picture Association of America
Ray McCarty - Associated Industries of Missouri
Maureen O'Brien - Screen Actors Guild - American Federation of Television and Radio Artists
Michelle Davidson - Missouri Motion Media Association
Stephane Shannon - KC Film Office at Visit KC
Charles Andy Arnold - Southwestern Bell Telephone Company DBA AT&T Missouri and its Affiliates
Monica Butler - Film Production Industry Business Owner
Joni Tackette - Missouri Motion Media Association
Chris Roepe - City of Independence
Chris Roepe - St. Louis Convention & Visitors Center
Nancy Giddens - City of Kansas City-Visit KC
Nancy Giddens - Greater Kansas City Chamber of Commerce
Nancy Giddens - Hallmark Cards
Andy Arnold - AT&T
Gordon Hayman - Missouri Motion Media Association
Gordon Hayman - International Alliance of Theatrical Stage Employees Local 493
Michael Reed - Individual
David Kube - Individual
Brett Woodall - Zenosyne Pictures
Ed Douglas - Livingston County, Sliced Bread Committee
Brenda Newbern - Cape Girardeau Convention & Visitors Bureau
Jason Fulvi - Visit KC
David Steward - Polarity
Matt Health - Polarity
Kathleen Ratcliffe - Explore St. Louis
Alexandra Bobbitt - Jefferson City Convention & Visitors Bureau
Amy Supple - Sliced Bread Innovation Center, Visit Chillicothe, Home of Sliced Bread Corporation
Cole Payne - Traverse Media
WITNESSES AGAINST:
Arnie C. AC "Honest-Abe" DIENOFF - State Public Advocate. I am against this Tax Credit!