Introduced
by
To cap at $100 million each year the refundable tax credits passed in 2008 that a film studio may claim against its expenses for shooting a film or TV show in Michigan. Refundable means that if a studio’s credit exceeds its tax liability then the state sends it a check for the difference.
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
