House Bill 6504 & House Bill 6505Primary Sponsor:
Robert Wittenberg (D)
The bills aim to create a program from Jan. 1, 2021, through Dec. 31, 2030, for commercials, film, television and streaming productions produced in Michigan.
The bills, if enacted into law, would offer a 25% credit of direct production expenditures. If the production includes an approved “filmed in Michigan logo” or compensates Michigan employees, the credit would jump to 30%. Nonresident employees could garner a 20% credit.
The tax credits wouldn’t be refundable but could be carried over for five years or until depleted.