MI HB4908

Establishes a 10-year Michigan film production tax credit program allowing up to 25-30% credits on qualified production expenditures, 10% on probationary Michigan vendor expenditures, and 20-30% on qualified personnel expenditures, with an additional 5% available for minority, women, disabled, or veteran-owned businesses.

Sets annual tax credit caps of $25-75 million for productions under 20 minutes or commercial photography and $100-200 million for longer productions, escalating over the 10-year period, with unused amounts carrying forward to subsequent years.

Requires applicants to submit $1,000-2,000 nonrefundable application fees and meet minimum spending requirements ($50,000 for short-form content, $300,000 for feature-length productions) to qualify for certification and approval.

Excludes certain content from eligibility including obscene productions, news, live sports, political advertising, radio programs, talk shows, game shows, and non-scripted reality productions, while requiring independent certified public accountant verification of claimed expenditures.

Implements a redemption fee (greater of $500 or 1% of credit claimed) and requires annual reporting to state leadership on program effectiveness, including economic impact data, job creation, and spending by type of production.