Allowing a qualified film production entity to claim a credit against the State income tax for specified costs incurred for film production activities; repealing the Film Production Rebate Program; requiring the Department of Business and Economic Development to administer the credit; requiring that to be eligible for the rebate, the film production company must incur total direct costs exceeding $500,000; providing that the total direct costs may not include individual wages that exceed $1,000,000; etc.
