HB675 reauthorizes a tax credit for specific expenses associated with the production of qualified motion media production projects in Missouri. The bill enables a tax credit equal to 20% of qualifying expenses, as defined in the act, linked to the production of a qualified motion media production project.
The Missouri State Senate passed HB675 on February 27, 2023 by a vote of 20 to 12. We have assigned pluses to the nays because providing tax credits to a specific industry, particularly the film industry, is not appropriate because a majority of the film industry supports woke Marxist ideology. Taxpayers should not be financially responsible for supporting movie productions that are associated with leftists. Furthermore, government should not intervene in the marketplace by selectively granting tax incentives to specific industries.