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KS SB52
Bill
Status
2/20/2025
Primary Sponsor
Commerce
Click for details
AI Summary
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Creates the Kansas Film and Digital Media Production Development Act offering a 30% income tax credit on qualified production and postproduction expenditures for certified film, video, and digital media projects in Kansas, with potential additional credits of up to 5% for multi-film deals, high-impact productions ($50M+), or projects employing 50%+ Kansas residents
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Caps total annual income tax credits at $5 million statewide, with 10% reserved for Kansas-based production companies, and allows credits to be carried forward up to 10 years or transferred once to another taxpayer
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Requires production companies to incur at least $50,000 in qualified expenditures (or $25,000 for Kansas-based companies), employ at least 10% Kansas resident crew members, and include qualified Kansas promotions in their productions
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Provides sales tax exemptions up to $1 million per year per production company for production and postproduction expenditures, with priority given to expenditures in rural or economically depressed urban areas
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Program runs from tax years 2025 through 2034, administered by the Secretary of Commerce in consultation with the Kansas Creative Arts Industries Commission, with annual reporting to the legislature required through January 2035
Legislative Description
Enacting the Kansas film and digital media industry production development act, providing a tax credit and sales tax exemption to incentivize film, video and digital media production in Kansas, establishing a program to be administered by the secretary of commerce for the purpose of developing such production in Kansas and requiring the secretary of commerce to issue reports to the legislature regarding the program.
Last Action
House Committee Report recommending bill be passed by Committee on Taxation
3/14/2025