HI HB515

Allows qualified film productions to provide alternative marketing opportunities approved by the Department of Business, Economic Development, and Tourism instead of requiring a shared-card, end-title screen credit.

Reduces the maximum total tax credits that may be claimed per qualified production from $15,000,000 to $12,500,000.

Increases the annual aggregate cap on motion picture, digital media, and film production income tax credits from $35,000,000 to $45,000,000 per year, with excess applications carried forward to subsequent years until December 31, 2027.

Requires the department to submit legislative reports detailing approved alternative marketing opportunities, their justification, and production companies choosing traditional end-title screen credits instead.

Effective July 1, 2023.