HB 6285 Summary

• Establishes tax credits for eligible film production companies that spend at least $50,000 on qualified productions in Michigan, with credit rates of 42% for core communities, 40% for other areas, and 30% for qualified personnel expenditures.

• Requires production companies to obtain a postproduction certificate of completion from the Michigan Film Office and submit it to the Department of Treasury to claim credits, with a 0.5% fee deducted from credits issued.

• Allows production companies to assign tax credits to other entities on an irrevocable basis using department-prescribed forms.

• Exempts certain financial and commercial information submitted by production companies from Freedom of Information Act disclosure requirements if the information describes the company's operations, has not been publicly released, and disclosure could create competitive disadvantage.

• Requires the Michigan Film Office to submit annual reports to the governor and legislature detailing credit effectiveness, number of productions, spending amounts, employment estimates, and total credit values issued.