NC S204

Reenacts G.S. 105-151.29 and G.S. 105-130.47 to restore the film production tax credit that was previously repealed.

Allows production companies with at least $250,000 in qualifying expenses to claim a 25% tax credit against income taxes.

Defines qualifying expenses as goods, services, compensation, insurance, fringe benefits, and per diems spent in North Carolina for film, television, and episodic series productions.

Limits the credit to $20,000,000 for feature films and excludes political advertising, news programs, live sporting events, obscene content, and radio productions from eligibility.

Extends the sunset date for the credit from January 1, 2015 to January 1, 2021, and requires production companies to notify the NC Film Office and acknowledge both the state and regional film offices in production credits.