AR HB1592

Increases the base production tax incentive from 20% to 25% on all qualified production costs for state-certified film projects.

Increases the base postproduction tax incentive from 20% to 25% on all qualified production costs for state-certified film projects.

Adds a 10% additional tax incentive for payroll of below-the-line employees who are full-time Arkansas residents or veterans, and for expenditures paid to veteran-owned small businesses.

Adds a 5% additional tax incentive for hiring below-the-line employees in Tier 3 or Tier 4 counties or for expenditures paid to businesses in those counties, and for producing multi-project productions like television series.

Applies effective for financial incentive agreements signed on or after the act's effective date (April 10, 2023).