MO HB1209

Repeals and reenacts section 135.750, RSMo, regarding tax credits for qualified film production projects.

Limits the film production tax credit program to taxable years beginning on or after January 1, 2008 and ending on or before December 31, 2012, allowing taxpayers a tax credit of up to 35 percent of qualifying expenses.

Defines "qualified film production project" as film, video, commercial, or television production with in-state expenditure budgets exceeding $50,000 (under 30 minutes) or $100,000 (over 30 minutes), excluding news, talk shows, sports events, political ads, and obscene content.

Restricts "qualifying expenses" to goods, services, and wages paid in-state, excluding compensation over $1 million for any individual per project.

Eliminates tax credit issuance for all tax years beginning on or after January 1, 2013, effectively terminating the program after December 31, 2012.