South Carolina H3832 amends tax laws to increase rebates for motion picture production companies and establish a tax credit for accredited theater.

South Carolina H3832 amends the tax code to increase the annual limit for rebates to motion picture production companies to thirty million dollars, with unused rebates carried forward for the next three tax years. The bill also establishes a tax credit for accredited theater productions, equal to thirty percent of total production and performance expenditures and transportation expenditures. To qualify, the production must have a budget of at least one hundred thousand dollars and be performed in a qualified production facility.

South Carolina H3832 amends tax laws to increase rebates for motion picture production companies and establish a tax credit for accredited theater.

South Carolina H3832 amends the tax code to increase the annual limit for rebates to motion picture production companies to thirty million dollars, with unused rebates carried forward for the next three tax years. The bill also establishes a tax credit for accredited theater productions, equal to thirty percent of total production and performance expenditures and transportation expenditures. To qualify, the production must have a budget of at least one hundred thousand dollars and be performed in a qualified production facility.