HB 364 DE

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Became Law

This Act creates a film production tax credit. It requires companies to obtain, at their own expense, an independent audit certifying eligible expenditures. The audit must be submitted to the Division of Small Business for approval and allocation of credits. The credit is nonrefundable, transferable, and may be carried forward for up to 5 years. The credit may be applied against personal income tax, corporate income tax, bank franchise tax, and insurance premiums tax. All credit transfers must be approved by the Division of Small Business. This Act further authorizes necessary data sharing among agencies. Applicants and transferees consent to disclosure of credit amounts by virtue of applying or receiving a transfer. This Act also grants regulatory authority to the Division of Small Business and the Secretary of State to administer the annual credit cap; prioritize and manage awards; and issue reports relating to awards and utilization with input from relevant state agencies. The Division of Small Business may create alternative audit procedures for small businesses where a full audit would be prohibitively expensive. This Act sunsets on June 30, 2031, and no applications may be submitted after that date.

• Kerri Evelyn Harris Democratic · primary
• Michael F. Smith Republican · primary
• Josue O Ortega Democratic · primary
• Nicole Poore Democratic · primary
• John "Jack" Walsh Democratic · primary
• Daniel B. Short Republican · primary
• Lyndon D. Yearick Republican · primary
• William J. Carson Democratic · primary
• Claire Snyder-Hall Democratic · primary
• Ray Seigfried Democratic · primary
• Mara Gorman Democratic · primary
• Spiros Mantzavinos Democratic · primary
• Stell Parker Selby · primary
• Brian Pettyjohn Republican · primary
• David L. Wilson Republican · primary
• Franklin D. Cooke Democratic · primary
• Bryant L. Richardson Republican · primary
• Russell Huxtable Democratic · primary
• Sarah McBride · primary

1. Apr 9, 2026 Introduced and Assigned to Revenue & Finance Committee in House · lower
2. May 6, 2026 Reported Out of Committee (Revenue & Finance) in House with 7 On Its Merits · lower
3. May 7, 2026 Assigned to Appropriations Committee in House · lower
4. May 19, 2026 Amendment HA 1 to HB 364 - Introduced and Placed With Bill · lower
5. Jun 9, 2026 Reported Out of Committee (Appropriations) in House with 4 On Its Merits · lower
6. Jun 11, 2026 Amendment HA 2 to HB 364 - Introduced and Placed With Bill · lower
7. Jun 11, 2026 Amendment HA 1 to HB 364 - Stricken in House · lower
8. Jun 11, 2026 Amendment HA 2 to HB 364 - Passed In House by Voice Vote · lower
9. Jun 11, 2026 Passed By House. Votes: 39 YES 2 ABSENT · lower
10. Jun 11, 2026 Assigned to Executive Committee in Senate · upper
11. Jun 17, 2026 Reported Out of Committee (Executive) in Senate with 6 On Its Merits · upper
12. Jun 17, 2026 Reported Out of Committee (Executive) in Senate with 6 On Its Merits · upper
13. Jun 17, 2026 Assigned to Finance Committee in Senate · upper
14. Jun 24, 2026 Reported Out of Committee (Finance) in Senate with 4 On Its Merits · upper
15. Jul 1, 2026 Passed By Senate. Votes: 20 YES 1 ABSENT · upper
16. Jul 1, 2026 Signed by Governor · executive