To extend until 2022 a 2017 sunset on the law authorizing state subsidy payments to some film productions, and make various changes to the formula used to calculate a particular producer's subsidy. Among other things, the bill would remove limitations on higher subsidies based on very high compensation paid to a director, actors, etc. In the current fiscal year budget, up to $50 million in state tax revenues may be redistributed to film producers. Changes in the bill would have the effect of allowing particular productions to claim a larger share of this money, and making future "residual" income paid to members of a production taxable in Michigan.