OH HB475

Authorizes motion picture companies to transfer refundable tax credit authority to other persons after director determines the credit amount, with transferees claiming credits in the same taxable year as the original company.

Adjusts tax credit calculation from 25% to 30% of eligible production expenditures (excluding resident cast/crew wages) plus 35% of resident cast and crew wages.

Increases annual tax credit authorization to $40 million per fiscal biennium with $20 million in the first year, and sets a $5 million per-production limit beginning July 1, 2016.

Removes the previous maximum credit cap per motion picture and requires at least 5% of eligible production expenditures be paid to minority business enterprises for certificate issuance.

Establishes a job training program where the director certifies Ohio residents as film and multimedia trainees and reimburses motion picture companies 50% of trainee salaries upon production completion.