Minnesota Production industry lauds increase in film production tax credit program

Workers in the film and TV production industry this week celebrated the passage by the Minnesota Legislature of the Omnibus Tax Bill, “which includes a provision that will spur more production in the state, create new jobs, and bring millions of dollars in new spending to Minnesota.”

The Film Production Tax Credit (116U.27), an incentive program passed in 2021, will be revised to include changes intended to attract larger budget productions with higher paying jobs. The updated legislation increases the annual tax credit cap from $5 million to $25 million, and extends the statute’s sunset provision to eight years. These changes create long-term stability intended to attract episodic programming for television, because networks and streamers generally return to the same location year after year to produce multiple seasons of a TV project. The bill now goes to Governor’s Walz for signing.