NC H915

Reenacts North Carolina's film production tax credit at 25% of qualifying expenses for production companies spending at least $250,000 in the state

Caps the credit at $20 million for feature films; the credit is fully refundable if it exceeds tax liability

Qualifying expenses include goods, services, wages, insurance, fringe benefits, and per diems spent in North Carolina, minus any compensation exceeding $1 million paid to highly compensated individuals

Excludes political advertising, news programs, live sporting events, radio productions, and obscene content from eligibility

Effective for taxable years beginning on or after January 1, 2025, removing the previous sunset date of January 1, 2015