MN SF2179

Establishes a refundable film production tax credit equal to 25 percent of film production and postproduction expenditures made in Minnesota.

Qualifying expenditures must be "production costs" as defined in Minnesota Statutes section 116U.26 and must be subject to taxation in Minnesota.

Credits that exceed a taxpayer's tax liability are refunded to the taxpayer, with refund amounts appropriated annually from the general fund to the commissioner of revenue.

Effective for taxable years beginning after December 31, 2016.