NC H810

Reenacts the tax credit for production companies' qualifying expenses, which had previously been repealed, effective for taxable years beginning January 1, 2021

Allows production companies with at least $250,000 in qualifying expenses to claim a 25% tax credit against state taxes, with a $20 million cap for feature films

Defines qualifying expenses to include goods and services purchased in North Carolina, employee compensation and wages, production-related insurance, fringe benefits, and per diems

Excludes from the credit political advertising, television news programs, live sporting events, obscene material, and radio productions

Repeals the prior film grant program (G.S. 143B-437.02A) and requires production companies to choose between claiming the tax credit or retaining a previously awarded grant, but not both