House Concurrent Resolution 52 proposes to clarify the legislative intent of Act No. 425 by stating only above-the-line loan outs and individuals are subject to the 6% withholding (or the highest income tax rate in effect) on all payroll claimed as a production expenditure for purposes of certification of tax credits.
MINNESOTA (H 3857 & S 3229)
House Bill 3857 and Senate Bill 3229 propose to amend the Minnesota Film and Television Board's film production jobs program with a one-time appropriation of $10 million for the 2017 fiscal year (July 1 - June 30). This is in addition to the $5 million in funding which the program received for the 2016 and 2017 fiscal years.
Assembly Bill 9637 proposes to amend the empire state film production tax credit program by adding the counties of Rensselaer, Saratoga, Warren, and Washington to the list of certain counties in which a production company may earn an additional 10% of below-the-line wages and salaries for services performed within the county. The additional 10% is available for the period 2015 through 2019. If enacted, this act would take effect immediately and apply to tax years commencing on or after January 1, 2016.