MI SB0796

Establishes tax credits for eligible film production companies spending at least $50,000 in Michigan, with rates of 42% for core communities, 40% for other areas, and 30% for qualified personnel expenditures on productions initiated after February 29, 2008.

Requires the Michigan film office to issue postproduction certificates of completion verifying compliance with agreement terms and eligible expenditures before companies can claim credits.

Mandates semiannual reports (January 15 and July 15) and annual reports to state leadership detailing applications received, credits issued, production locations, employment data, and spending breakdowns by category.

Allows credit assignments to other taxpayers on irrevocable basis and imposes 0.5% credit application and redemption fee deposited into the Michigan film promotion fund.

Protects confidential commercial and financial information submitted by production companies from disclosure under the Freedom of Information Act, with certain exceptions for qualifying expenditure data.