MI
Michigan Senate Bill SB0439

Michigan 2023-2024 Regular Session

Michigan Senate Bill SB0439

Introduced
6/28/23  

Caption

Taxation: administration; film credits; restore. Amends secs. 29, 29a, 29b & 29d of 1984 PA 270 (MCL 125.2029 et seq.) & repeals sec. 29h of 1984 PA 270 (MCL 125.2029h). TIE BAR WITH: SB 0438'23

Impact

The proposed amendments to the act focus on creating provisions that support qualified productions, expanding the role of the Michigan film commissioner, and effectively channeling promotional funds to foster film and digital media production. Enacting SB 439 would not only streamline the application process for obtaining tax credits but would also enhance the state's attractiveness as a location for film production due to increased financial support. This could lead to job creation and economic stimulation in related sectors, such as tourism and hospitality.

Summary

Senate Bill 439 aims to amend the Michigan Strategic Fund Act by making changes related to the administration of tax credits for film productions within the state. This bill seeks to define and regulate terms such as 'accredited production certificate' and establish a framework for promoting film and media production through a designated Michigan film and digital media office. The legislation emphasizes the establishment of tax credits that could potentially increase the level of film production activities in the state, enticing both local and national filmmakers to utilize Michigan as a focal area for media projects.

Contention

Opponents of the bill might express concerns regarding the sustainability of funding for the tax credits and whether such incentives would truly yield long-term benefits versus short-term gains. There could also be discussions around the potential for mismanagement of funds or unequal access to these benefits among different media production companies. Furthermore, the bill's ties to Senate Bill 438 might raise inquiries about its overall effectiveness and the necessity of such legislative support in a competitive national environment.

Latest SB0439 Activity

Companion Bills

MI SB0438

Same As Corporate income tax: credits; film incentive credit; restore. Amends secs. 701 & 703 of 1967 PA 281 (MCL 206.701 & 206.703) & adds secs. 285 & 677. TIE BAR WITH: SB 0439'23

Previously Filed As

MI HB4907

Taxation: administration; film credits; restore. Amends secs. 29, 29a, 29b & 29d of 1984 PA 270 (MCL 125.2029 et seq.) & repeals sec. 29h of 1984 PA 270 (MCL125.2029h). TIE BAR WITH: HB 4908'23

MI SB0438

Corporate income tax: credits; film incentive credit; restore. Amends secs. 701 & 703 of 1967 PA 281 (MCL 206.701 & 206.703) & adds secs. 285 & 677. TIE BAR WITH: SB 0439'23

MI HB4908

Corporate income tax: credits; film incentive credit; restore. Amends secs. 701 & 703 of 1967 PA 281 (MCL 206.701 & 206.703) & adds secs. 285 & 677. TIE BAR WITH: HB 4907'23

MI SB1171

Energy: gas and oil; certain standards under the motor fuels quality act; update. Amends secs. 2, 3, 4, 4a, 5, 6, 7, 10a & 10d of 1984 PA 44 (MCL 290.642 et seq.); adds secs. 4b, 7a & 7b & repeals sec. 5a of 1984 PA 44 (MCL 290.645a).

MI SB0579

Economic development: Michigan strategic fund; good jobs for Michigan program; modify. Amends secs. 9, 90g & 90h of 1984 PA 270 (MCL 125.2009 et seq.). TIE BAR WITH: SB 0580'23

MI SB0473

Economic development: Michigan strategic fund; more jobs for Michigan program; create. Amends secs. 9 & 90j of 1984 PA 270 (MCL 125.2009 & 125.2090j); adds ch. 8F & repeals 2007 PA 36 (MCL 208.1101 - 208.1519) & repeals 1995 PA 24 (MCL 207.801 - 207.810).

MI HB5413

Economic development: Michigan strategic fund; good jobs for Michigan program; modify. Amends secs. 9, 90g & 90h of 1984 PA 270 (MCL 125.2009 et seq.).

MI HB6204

Economic development: obsolete property and rehabilitation; definition of core community; revise to reflect change in obsolete property rehabilitation act. Amends sec. 455 of 2007 PA 36 (MCL 208.1455). TIE BAR WITH: HB 5886'24

MI SB0522

Economic development: Michigan strategic fund; Michigan strategic site readiness program and critical industry program; eliminate. Amends sec. 9 of 1984 PA 270 (MCL 125.2009) & repeals secs. 88s & 88t of 1984 PA 270 (MCL 125.2088s & 125.2088t). TIE BAR WITH: SB 0520'23

MI HB4654

Probate: wills and estates; electronic signing of estate planning documents; allow. Amends secs. 1104, 1107, 1108, 2502, 2503, 2504, 2506, 2507, 2513, 2519, 2953, 2955, 3206, 5501 & 5506 of 1998 PA 386 (MCL 700.1104 et seq.); adds sec. 2502a & repeals sec. 1202 of 1998 PA 386 (MCL 700.1202).

Similar Bills

MI HB4907

Taxation: administration; film credits; restore. Amends secs. 29, 29a, 29b & 29d of 1984 PA 270 (MCL 125.2029 et seq.) & repeals sec. 29h of 1984 PA 270 (MCL125.2029h). TIE BAR WITH: HB 4908'23

MI SB0411

Gaming: horse racing; breeders' awards, purses, and grants from the agriculture equine development fund; modify. Amends secs. 2, 8, 9, 10, 12, 14, 17, 18, 19, 20, 20a & 22 of 1995 PA 279 (MCL 431.302 et seq.) & repeals sec. 19b of 1995 PA 279 (MCL 431.319b). TIE BAR WITH: SB 0413'23, SB 0412'23, SB 0414'23

MI HB4347

Gaming: horse racing; Michigan agriculture and equine industry development fund; modify. Amends secs. 2 & 20 of 1995 PA 279 (MCL 431.302 & 431.320). TIE BAR WITH: HB 4346'25

MI SB0560

Appropriations: grants and transfers; state administrative board limitations; modify. Amends sec. 3 of 1921 PA 2 (MCL 17.3). TIE BAR WITH: SB 0559'23, SB 0562'23

MI HB5105

Appropriations: grants and transfers; state administrative board limitations; modify. Amends sec. 3 of 1921 PA 2 (MCL 17.3). TIE BAR WITH: HB 5104'23, HB 5106'23

MI SB0521

Appropriations: grants and transfers; state administrative board limitations; modify. Amends sec. 3 of 1921 PA 2 (MCL 17.3). TIE BAR WITH: SB 0520'23, SB 0522'23

MI HB4877

Appropriations: grants and transfers; state administrative board limitations; modify. Amends sec. 3 of 1921 PA 2 (MCL 17.3).

MI HB4897

Transportation: other; equipment sharing between department of transportation and county and local road commissions; provide for. Amends secs. 12 & 13b of 1951 PA 51 (MCL 247.662 & 247.663b).