Reenacts the North Carolina film tax credit for qualifying expenses of production companies.
The bill reenacts the North Carolina film tax credit for qualifying expenses of production companies. It allows a credit against taxes for expenses related to goods, services, and compensation paid by production companies, excluding those paid to highly compensated individuals. The credit is refundable if it exceeds the tax imposed. The bill specifies that the credit applies to productions like feature films, episodic television series, and documentaries, but not to political advertising, news programs, radio productions, or obscene material.
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