The bill amends the Montana Economic Development Industry Advancement Act by extending film tax credits through 2045 and increasing the aggregate credit limit to $12 million per calendar year. It expands the definition of eligible productions to include "qualified productions," which must have at least 60% of principal photography completed in Montana or exceed a base investment of $5 million. Additionally, the bill enhances incentives for hiring veterans and enrolled tribal members, introduces new definitions for "qualified production" and "qualified postproduction activity," and establishes criteria for "qualified Montana facilities." It also allows unused allocated credits to be claimed by other entities for a fee, which will fund a film industry workforce training account.

Significant changes include a shift in the purpose of tax incentives to promote a more resilient economy through diversification in the media manufacturing sector. The bill revises the application process for production companies seeking state certification, updates the criteria for tax credits based on production expenditures, and outlines the recapture rules for tax credits if certification provisions are violated. Furthermore, it repeals previous legislation from 2021 and establishes a framework for the Department of Commerce to oversee the allocation and compliance of these tax credits, ensuring adherence to the new regulations.

Statutes affected:
LC Text: 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_1(1): 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_1(2): 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_1(3): 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_1(4): 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_1(5): 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_1(6): 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_1: 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_2(1): 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_2(10): 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_2(11): 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_2(12): 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_2(13): 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_2(2): 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_2(3): 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_2(4): 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_2(5): 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_2(6): 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_2(7): 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_2(8): 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_2(9): 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_2: 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_3(1): 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_3(2): 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_3(3): 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_3(4): 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_3: 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_4(1): 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_4(2): 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_4(3): 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_4: 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_X(1): 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_X(10): 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_X(2): 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_X(3): 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_X(4): 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_X(5): 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_X(6): 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_X(7): 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_X(8): 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_X(9): 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010
SB0326_X: 15-31-1002, 15-31-1003, 15-31-1004, 15-31-1007, 15-31-1009, 15-31-1010