NC H301

Increases the maximum grant amount for feature-length films from $7 million to $20 million and for a single season of a television series from $15 million (implied existing cap) to $15 million, maintaining the $250,000 cap for commercials.

Raises the maximum grant percentage from 25% to 35% of qualifying expenses for productions with at least 75% of filming and crew/cast/offices located in tier one and tier two areas.

Increases the compensation threshold for defining a "highly compensated individual" from $1 million to $5 million for personal services on a single production.

Modifies the definition of qualifying expenses to exclude amounts paid in excess of $5 million (up from $1 million) to highly compensated individuals.

Applies the changes effective upon enactment to qualifying expenses for productions incurred on or after that date.