Ohio SB159 modifies film and theater production tax credits, reserving funds for Broadway productions.

Ohio SB159 amends the tax credit program for film and theater productions, reserving $5 million annually for Broadway theatrical productions. The bill outlines criteria for tax credit eligibility, including production budgets, employment of Ohio residents, and economic impact. It also establishes a program for training Ohio residents in film and multimedia industries. The bill repeals certain sections of the Revised Code related to film and theater production tax credits and introduces new provisions for the administration and approval of tax credits.

Ohio SB159 modifies film and theater production tax credits, reserving funds for Broadway productions.

Ohio SB159 amends the tax credit program for film and theater productions, reserving $5 million annually for Broadway theatrical productions. The bill outlines criteria for tax credit eligibility, including production budgets, employment of Ohio residents, and economic impact. It also establishes a program for training Ohio residents in film and multimedia industries. The bill repeals certain sections of the Revised Code related to film and theater production tax credits and introduces new provisions for the administration and approval of tax credits.