Introduced by Rep. Robert Wittenberg D-Huntington Woods on December 3, 2020
To give income tax credits to motion picture producers that choose to shoot part of a movie or TV show in Michigan. This would resume a program that between 2008 and its repeal in 2015 delivered more than $400 million state taxpayer dollars to Hollywood producers and others. Unlike that earlier version of the program, the credits granted by this would not be “refundable” (payable in cash), but could be “carried forward” for up to 10 years, or sold for cash to another taxpayer. Official Text and Analysis.
Referred to the House Tax Policy Committee on December 3, 2020