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MT HB200
Bill
Status
Failed
5/20/2025
Primary Sponsor
Kerri Seekins-Crowe
Click for details
AI Summary
- Increases the annual cap on Montana Economic Development Industry Advancement (MEDIA) Act film tax credits from $12 million to $350 million per calendar year
- Credits are allocated on a first-come, first-served basis, with taxpayers whose claims exceed the annual limit able to carry forward to the next calendar year
- Department of Commerce grants authorization to apply for credits; Department of Revenue posts available credit amounts on its website
- Effective immediately upon passage and approval, applying to income tax years beginning after December 31, 2024
Legislative Description
Provide for increase in total MEDIA act film tax credits
Arts and Antiquities
Last Action
(H) Died in Process
5/20/2025
Committee Referrals
Taxation1/15/2025
Full Bill Text
No bill text available