Vote Smart's Synopsis:

Vote to pass a bill that authorizes film tax credit incentives.

Highlights:

• Specifies that for all tax years on or after January 1, 2020, a taxpayer in the state of Missouri shall be allowed a tax credit to 20 percent of qualifying in-state expenses, 10 percent of qualifying out-of-state expenses, and 5 percent for both qualifying in-state expenses and qualifying out-of-state expenses if at least 50 percent of the qualified film production project is filmed in Missouri (Sec. A).

• Defines “qualified film production project” as any film, video, commercial, or television production as approved by the department of economic development and the office of missouri film that features a statement or logo designated by the department of economic development in the credits of the film indicating that the project was filmed in Missouri (Sec. A).

Full Bill Text