Film and media production tax credit.

SB 297 allows film and media production companies to transfer all or part of their state tax credit to another entity, such as a third party or investor. This change directly affects production businesses that qualify for the tax credit, enabling them to monetize unused credits by selling or assigning them. The key mechanism is creating a new option for taxpayers to utilize the credit flexibly, rather than requiring them to use it solely for their own tax liability. The bill does not alter the credit amount or eligibility rules for production companies. It is currently under review by the Tax and Fiscal Policy Committee.