Minnesota SF4634 modifies the film production tax credit to increase the credit percentage, expand eligibility, and introduce new reporting.

Minnesota SF4634 amends the film production tax credit by raising the maximum credit from 25% to 45% of eligible production costs. It expands eligibility to include television commercials and Minnesota script or screenplay productions. The bill also allows an additional 5% credit if the project employs a Minnesota resident in a key creative role or films outside the seven-county metro area.

Minnesota SF4634 modifies the film production tax credit to increase the credit percentage, expand eligibility, and introduce new reporting.

Minnesota SF4634 amends the film production tax credit by raising the maximum credit from 25% to 45% of eligible production costs. It expands eligibility to include television commercials and Minnesota script or screenplay productions. The bill also allows an additional 5% credit if the project employs a Minnesota resident in a key creative role or films outside the seven-county metro area.