Modifies the "Show MO Act" tax credit caps for qualified motion media production projects

HB 2196 modifies Missouri's tax credit program for motion media productions (like films, series, and digital content) by adjusting credit percentages and adding new requirements. It allows producers to claim a base 20% tax credit on qualifying expenses (e.g., wages, equipment), with up to 5% additional credit for filming in Missouri, rural/blighted areas, hiring Missouri residents for training, or marketing locations. The bill caps annual tax credits at $8 million for film/series through 2026 and $16 million after 2026, requires minimum Missouri employment levels based on project size, and mandates economic impact reports. This directly affects production companies meeting eligibility criteria, including those filming in Missouri with qualifying expenses over $50,000 for short projects or $100,000 for longer works.