MN HF4590

Modifies the $1,000,000 minimum expenditure requirement for film production costs from "in the taxable year" to "any consecutive twelve-month period," allowing taxpayers greater flexibility in timing their spending.

Requires taxpayers to designate which months comprise their chosen twelve-month period to the commissioner and prohibits redesignating previously used months.

Maintains the 25 percent tax credit on eligible production costs, with a requirement that taxpayers obtain a credit certificate from the commissioner before claiming the credit.

Requires eligible film projects to include promotion of Minnesota as a visible static or animated logo in end credits lasting approximately five seconds for the life of the project.

Effective for taxable years beginning after December 31, 2021.