Relating to: creating a tax credit for expenses related to film production services and for capital investments made by a film production company, granting rule-making authority, and making an appropriation. (FE)

AB 231 creates a 25% tax credit for film production companies in Wisconsin covering eligible expenses (like wages, equipment, and location costs) and capital investments for accredited productions. It directly affects film production companies operating in Wisconsin that meet minimum spending thresholds ($50,000 or $100,000 depending on production length) and excludes news, sports, or corporate content. The bill establishes a State Film Office to administer the program, requiring accredited productions to include a state acknowledgment in the final film and mandating annual reports on credit allocations. It caps annual tax credits at $10 million statewide and $1 million per company, with strict eligibility rules and third-party audit requirements to ensure compliance.