OR HB2523

Increases the maximum reimbursement cap for local filmmakers and local media production services companies from $1 million to $2 million for actual Oregon expenses

Extends the sunset date for the tax credit for certified film production development contributions to the Oregon Production Investment Fund from January 1, 2030 to January 1, 2034

Maintains existing reimbursement structure: 20% of Oregon employee wages/benefits and 25% of other Oregon expenses for productions with at least $1 million in expenses

Local filmmakers must spend at least 80% of payroll on Oregon residents and have minimum $75,000 in Oregon expenses to qualify for the enhanced reimbursement

Takes effect on the 91st day following adjournment of the 2025 legislative session, applying to fiscal years beginning on or after July 1, 2025