North Carolina S1002 modifies the Film and Entertainment Grant Fund to create a Micro-Budget Productions Account for smaller productions.

North Carolina S1002 amends the Film and Entertainment Grant Fund to establish a Micro-Budget Productions Account. This account provides funds to encourage smaller productions, including short films, documentaries, and other audiovisual works. The bill sets guidelines for the administration of the program, including qualifying expenses and grant limits. It also specifies that grants cannot exceed certain percentages of the production's qualifying expenses or set dollar amounts. The changes apply to grants made on or after July 1, 2026.

North Carolina S1002 modifies the Film and Entertainment Grant Fund to create a Micro-Budget Productions Account for smaller productions.

North Carolina S1002 amends the Film and Entertainment Grant Fund to establish a Micro-Budget Productions Account. This account provides funds to encourage smaller productions, including short films, documentaries, and other audiovisual works. The bill sets guidelines for the administration of the program, including qualifying expenses and grant limits. It also specifies that grants cannot exceed certain percentages of the production's qualifying expenses or set dollar amounts. The changes apply to grants made on or after July 1, 2026.