Introduced by Sen. Adam Hollier D-Detroit's North End on February 8, 2022
To authorize giving up to $110 million annually in state income tax credits to certain film producers who do all or part of a production in Michigan. The amount that a credit exceeds a producer's tax liability could be carried forward and used to reduce taxes in future years. Provisions of the proposal are divided between Senate Bills 862 and 863; House Bill 5724 and 5725 are the House version of the same thing. Official Text and Analysis.
Referred to the Senate Economic and Small Business Development Committee on February 8, 2022