SC H3832

Increases the annual cap on motion picture production company payroll rebates from $10 million to $30 million, with unused rebates carrying forward for three years

Allows the Department of Parks, Recreation and Tourism to rebate up to 30% of in-state expenditures (beyond payroll) for motion picture productions spending at least $1 million in South Carolina

Creates the "South Carolina Theater Production Incentive Act" providing sales/use tax exemptions and payroll rebates (20-25%) for accredited pre-Broadway and post-Broadway theater productions spending at least $250,000 in-state

Establishes a 30% income tax credit for qualified theater production and transportation expenditures, capped at $2 million annually, with credits transferable and carrying forward for three years

Repeals Section 12-62-60 regarding distribution of admissions taxes for motion picture rebates and departmental expenses