Jefferson City – Filmmakers seeking a business-friendly environment could find Missouri a more attractive destination under legislation filed this week by Representative Jason Grill, D-Parkville.
Rep. Grill introduced House Bill 767 to increase the cap on tax credits for qualified film production projects. The legislation would raise the cap from $4.5 million to $10 million per year. Rep. Grill said his goal is to attract more motion picture productions to Missouri, which would create new jobs, increase revenue and further the state’s economic development effort.
“Missouri is a scenic state that is an ideal location for many movies going into production. Because attracting these movies is a highly competitive endeavor between locations, we must give our state every advantage possible to secure these productions,” said Rep. Grill. “With our focus on job creation this session, my legislation fits perfectly into the current agenda. The more films that are made in Missouri, the more jobs we will create and the more our state revenue will increase. This is a truly bipartisan issue and one I hope members from both sides will work with me to pass.”
Film tax credits are issued to a qualified film production company for up to 35 percent of the amount expended in Missouri for production or production-related activities to facilitate film production in Missouri. To be eligible for the credits, a film production company must have an expected instate expenditure budget of at least $100,000 for films more than 30 minutes in length and at least $50,000 for films less than 30 minutes in length.