OH HB162

Increases the overall cap on motion picture tax credits from $40 million per fiscal year to $100 million per fiscal biennium, effective July 1, 2019.

Changes the cap structure from annual limits to biennial (two-year) limits beginning on or after July 1, 2019, with unused credits from the first year carrying over to the second year of the biennium.

Maintains the 30 percent tax credit for motion picture productions with eligible production expenditures exceeding $300,000.

Gives priority to television series and miniseries when approving tax credit applications.

Establishes a training program for Ohio residents in the film and multimedia industry, with reimbursements equal to 50 percent of salaries paid to certified trainees.