NC H1957

Increases film production tax credit from 15% to 25% of qualifying expenses for production companies spending at least $250,000 in North Carolina.

Removes the $1,000,000 cap on compensation that can be counted toward qualifying expenses, eliminating restrictions on highly compensated individuals.

Expands qualifying expenses to include employee fringe contributions (health, pension, welfare) and per diems, stipends, and living allowances for work performed in the state.

Raises the maximum credit limit for feature films from $7,500,000 to $20,000,000.

Extends the sunset date for the film credit program from January 1, 2014 to January 1, 2015.