HB6504 Summary

• Establishes a film incentive tax credit for qualified productions in Michigan, effective January 1, 2021 through December 31, 2030, with credits ranging from 20-30% of direct production and personnel expenditures.

• Creates two credit tiers: productions under 20 minutes receive up to $2-10 million annually in approved credits; productions 20+ minutes receive up to $50-100 million annually, with amounts increasing over the 10-year period.

• Requires applicants to submit applications with $1,000-2,000 nonrefundable fees, meet minimum spending thresholds ($50,000 for short films, $300,000 for longer productions), and commence work within 90 days of approval.

• Implements a verification process requiring independent certified public accountant reports within 2 years of completion and issuance of qualified production certificates by the Michigan film and digital media office before credits can be claimed.

• Imposes a 0.5% redemption fee on credits claimed and includes anti-fraud provisions with civil penalties equal to the credit amount for willfully submitting false information.