Minnesota HF4668 modifies the film production tax credit, increasing the credit percentage and altering eligibility criteria.

Minnesota HF4668 amends the film production tax credit by increasing the allowable credit from 25 percent to 40 percent of eligible production costs. The bill also modifies the eligibility criteria, requiring projects to spend at least $400,000 in any consecutive 12-month period. It introduces additional credit opportunities, including a five percent credit for employing a Minnesota resident in a key creative role, filming outside the seven-county metro area, or hiring a majority of Minnesota residents in below-the-line crew positions.

Minnesota HF4668 modifies the film production tax credit, increasing the credit percentage and altering eligibility criteria.

Minnesota HF4668 amends the film production tax credit by increasing the allowable credit from 25 percent to 40 percent of eligible production costs. The bill also modifies the eligibility criteria, requiring projects to spend at least $400,000 in any consecutive 12-month period. It introduces additional credit opportunities, including a five percent credit for employing a Minnesota resident in a key creative role, filming outside the seven-county metro area, or hiring a majority of Minnesota residents in below-the-line crew positions.