An Act to Promote Film Production in Maine

This bill repeals the existing tax credit for certified visual media productions and increases the reimbursement rates for visual media production expenses. It raises the cap on individual wages included in these expenses from $50,000 to $75,000 and introduces new definitions for "loan-out company," "on-screen credit," and "principal photography." The bill also sets new limits on the total reimbursement amounts a company can receive annually and requires a 3rd-party audit for productions with budgets over $500,000.

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