Income Tax – Film Production Activity Tax Credit – Alterations
What this bill does
Altering the definition of 'film production activity' to include each season of a television series; excluding certain activities from eligibility for the film production tax credit program; authorizing a Maryland small or independent film entity to qualify as a film production entity; prohibiting the Secretary of Commerce from issuing tax credit certificates in excess of $10,000,000 for a single film production activity; requiring the Secretary to make 10% of the credit amount authorized available to Maryland small film entities; etc.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.