MN Govt. Pass Film Tax Credit!

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Thank you all union members for your hard work. It’s taken a lot of phone calls, emails, posts and lobbying but after many years Minnesota finally has a Film Production Tax credit. Thank you to the leadership of Local 490, the Legislative committee, political action committee, the MN FIlm & TV Board and SAG-Aftra. All of us came together to help make this happen. Of course we also need to thank the politicians on both sides of the isle who voted for this and the governor for signing the bill. Pasted below is a repost from the MN FILM & TV Board on details.

Minnesota Film & TV

“Last night, the Minnesota Legislature passed a tax credit for film and TV production!

They went down to the wire, passing the Tax Omnibus Bill as one of the final acts of the Special Session. While the bill that was passed was negotiated down significantly from where we started at the beginning of the session, this is a huge victory for Minnesota’s production industry!

The bill creates a transferable tax credit of up to 25% on qualified Minnesota expenditures for film and TV projects with a minimum spend of $1 million. The total amount of credits available each year is capped at $4.95 million, and the credit is in place for four years.

There’s not a lot of detail at this point. Administrative guidelines and procedures still must be developed, and we will share information on the process as we work with the state.

Thank you to everyone who took the time to call and email lawmakers in support of this provision – it’s been years in the making and is the result of passionate advocacy by a bipartisan group of legislators and individuals across Minnesota!

In addition, our MN Rebate Program (formerly known as Snowbate) has been funded for another two years at $500,000 per fiscal year – the same level as the last four years.

Stay tuned for details!! We'll have a Town Hall webinar soon to answer questions. And don't forget to come to our networking get-together at Utepils Brewing Co at 5:30p on July 15th! Register here (it's free): https://bit.ly/3dyZSEm”