This bill establishes the Office of Film and Creative Media within the Department of Business and Economic Affairs, which will be overseen by a classified director. The office's primary functions include connecting film and media industry organizations in New Hampshire, acting as a liaison for production companies, providing information on tax incentives, and maintaining databases of industry professionals and opportunities. The office is also empowered to seek federal grants and partnerships to bolster its initiatives. To support the establishment and operation of this office, the bill appropriates $500,000 for each of the fiscal years ending June 30, 2026, and June 30, 2027.

Additionally, the bill introduces two Business Enterprise Tax (BET) credits for qualifying film and motion picture companies: a 25% tax credit on qualifying employee wages and a 25% tax credit on production-related expenses, with specific eligibility criteria. Both tax credits are non-refundable, non-transferable, and cannot be used to offset Business Profits Tax (BPT) liability, with no annual or total program cap established. The effective date of the bill is set for 60 days after its passage, with the expectation that the credits will be applicable for the BET tax year 2025, although taxpayers may not be eligible until tax year 2026. The Department of Revenue Administration has indicated that the fiscal impact of the credits is indeterminable, as it cannot predict the number of productions that will qualify, but anticipates a decrease in revenue for the General and Education Trust funds starting in FY 2026.