HB 1037 Summary

• Amends the Oklahoma Film Enhancement Rebate Program by increasing the rebate percentage from 17% to 35% of documented production expenditures made in the state.

• Adds new definitions including "resident above-the-line personnel," "nonresident above-the-line personnel," and clarifies eligibility requirements for producers, cast, screenwriters, and directors to qualify as crew.

• Increases the annual cap on total rebate payments from $5,000,000 to $10,000,000 per fiscal year, with unpaid claims rolling over to the following year.

• Requires production companies to document wages paid to resident crew and personnel, and provides an additional 2% rebate bonus if at least $20,000 is spent on Oklahoma-created or recorded music.

• Becomes effective July 1, 2011, with emergency declaration for immediate enactment upon passage and approval.