Introduced
by
To authorize Single Business Tax (SBT) credits for wages paid to Michigan residents employed in a motion picture produced here. Movies with production costs of $250,000 to $1 million would be eligible for a credit equal to of 10 percent of the amount paid to Michigan residents, and the credit for movies with higher production costs would be 25 percent of their Michigan payroll. The credit does not apply on compensation of more than $1 million paid to a single person (such as an actor).
Referred to the Committee on Tax Policy
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that moves the tax credit language to House Bill 5958, defines "motion picture production company," and only allows the credit for films that are rated G, PG, PG-13, or R.
The substitute passed by voice vote
Substitute offered
by
To replace the previous version of the bill with one that makes technical changes, and does not limit the credit to only those movies that are rated G, PG, PG-13, or R.
The substitute passed by voice vote
Amendment offered
by
To exclude videos and commercials made in Michigan from the proposed tax break.
The amendment passed by voice vote
Passed in the House 94 to 10 (details)
To define "motion picture production company" for purposes of offering the Single Business Tax (SBT) credits proposed by House Bill 5958.
Referred to the Committee on Finance
