SB 130 Summary

• Reduces the minimum qualified production expenditure threshold for feature length films from $100,000 to $50,000 to qualify for the media production expenditure tax credit.

• Increases the tax credit percentage from 15% to 40% for qualified production expenditures paid to individuals or entities in economically distressed municipalities or counties (25% poverty rate or unemployment at least 1.5 times the statewide average).

• Increases the tax credit percentage to 35% for qualified production expenditures not made in economically distressed areas.

• Extends the expiration date of the media production expenditure tax credit from January 1, 2012 to January 1, 2014.

• Effective January 1, 2012.