Corporate income tax: credits; film incentive credit; restore. Amends secs. 701, 703 & 843 of 1967 PA 281 (MCL 206.701 et seq.) & adds secs. 285 & 678. TIE BAR WITH: HB 5992'26

HB 5991 amends Michigan's corporate income tax law to restore and clarify the state's film incentive credit program. The bill defines specific terms related to film production, such as qualified productions, accredited production certificates, and digital interactive media, to establish clear rules for eligibility. It requires applicants to provide detailed economic impact data, including job creation statistics and expenditure breakdowns, to receive tax credits. This legislation directly affects film and digital media companies operating in Michigan that wish to claim financial incentives for local production activities.