Legislation supports talent retention, economic growth

LANSING, MI – In a significant bipartisan move, the Michigan House Committee on Economic Development and Small Business today approved the Michigan Multimedia Jobs Act.

The legislation (House Bills 4907-4908) aims to invigorate the state’s economy, foster job growth, and retain local talent. Bill sponsors are Reps. Jason Hoskins (D-Southfield) and John Roth (R-Interlochen - pictured, center).

“These pro-job bills are designed to diversify our state economy by investing in our workforce and help us compete with states that already provide incentives, leading to a stronger Michigan.” - Alexander Page, Legislative Director, MiFIA“

The Michigan Multimedia Jobs Act introduces a transferable tax credit designed to promote Michigan-produced films, television shows, digital streaming productions, photography and commercials. By encouraging investment in the state’s creative sector, this legislation seeks to position Michigan as a competitive hub for multimedia production. The Act is expected to produce approximately $6 billion to $8 billion in direct spend during the Act’s first 10 years

“These pro-job bills are designed to diversify our state economy by investing in our workforce and help us compete with states that already provide incentives, leading to a stronger Michigan,” said Alexander Page of the Michigan Film Industry Association, a strong advocate for the bills.

Over 40 states and cities as well as 100-plus global programs have multimedia programs in place. The Act’s key provisions include:

• Tax Credit for Michigan-Produced Content: Film and television production companies hiring Michigan residents will receive a 30% tax credit. The Act sets a $50,000 minimum qualified spend for commercials, commercial photography, and short films, and a $300,000 minimum spend for feature films and TV shows.
• Building a Marketplace for Michigan-Based Projects: Rather than a rebate, the program offers a credit against unrealized state tax revenue. This approach ensures that the cash remains within Michigan, benefiting local businesses and communities.
  

“We are looking for films that are $10 million to $40 million, where they are hiring local businesses,” said David Haddad, MiFIA chair. “This is an infrastructure bill in addition to jobs, jobs, jobs, and did I mention jobs?"

MiFIA and the legislation’s proponents believe the Act will create a thriving ecosystem for filmmakers, boost local economies and keep Michigan talent within the state. They have been actively engaging with lawmakers to ensure bipartisan support for this critical legislation.

For more information, visit www.mifia.org.