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MT SB326
Bill
AI Summary
- Extends Montana's film and media production tax credits from 2029 through 2045, maintaining the $12 million annual cap on total credits
- Creates new credit allocation categories: 10% for any production company (first-come, first-served), 10% for independent films (budgets $3 million or less), 40% for productions using qualified Montana facilities (10,000+ sq ft, $10 million minimum investment), and 40% for domiciled companies
- Adds a 30% compensation credit for hiring Montana resident veterans or enrolled tribal members (capped at $150,000 per person), and expands eligible productions to include nonscripted television programs and documentaries
- Establishes a film industry workforce training account funded by a 2% fee on unused allocated credits that become available to other entities after April 1 each year
- Defines "domiciled company" as a Montana-headquartered business maintaining at least 15 full-time equivalent jobs paying above state median income for at least one year
Legislative Description
Generally revise laws related to MEDIA Act film tax credits
Rule Making
Last Action
Chapter Number Assigned
5/16/2025
Committee Referrals
Appropriations4/22/2025
Taxation4/7/2025
Finance and Claims4/2/2025
Taxation2/14/2025
Full Bill Text
No bill text available