Passing of Indiana SB0306

Hello,

Indiana passes Senate Bill 306 enhancing the existing tax credit that was established in 2022 (I believe). This made the tax credit transferrable and extended the credit out from 2027 to 2031. This credit establishes a limit of $250,000 for a single credit provided and limits the aggregate for the credits to $2mm a year.

According to the Indiana Chamber, there were film and media productions on hold waiting for the bill to pass so it seems there is some light for the state. However I do feel like this credit is a lot less competitive than other states, which has me wondering if the State will see some major productions even come to the state. Since I don't have a vast amount of knowledge on how this may affect productions in Indiana, can someone give me some insight into if this would be a good thing for the state?

Thank you!

Find more posts tagged with

Comments

Patrick MacDonald

I'm mainly out of Chicago, so I'm not as familiar with the ins and outs of Indiana, but the addition of transferrable film credits is a step in the right direction. Now local filmmakers don't necessarily need to leave the state for better incentivizes.

Cody Petrowsky

I gotcha. Im hoping this leads to some job growth in the state finance wise. Remote work within the production/post production finance space seems very low so in hoping for more in state opportunities in the future.

Joseph Chianese

The changes introduced by Senate Bill 306, especially the transferability of the tax credit and its extension to 2031, are absolutely a move in the right direction for Indiana. Making a credit transferable significantly enhances its value to production companies and investors, and extending its availability provides crucial long-term predictability.

I agree with your sentiment, however, that the caps ($250k single credit, $2mm aggregate annual limit) might still position it as less competitive than some of the more established film and TV hubs with much larger, uncapped, or more generous programs.

It will be genuinely interesting to see if this improved, but still relatively modest, credit is enough to attract major productions or if it primarily serves to foster a stronger local independent scene and attract smaller, more nimble projects. The insight from the Indiana Chamber about productions waiting for the bill is certainly encouraging, suggesting a latent demand.

Production Incentives News to Know: Spring 2025 - Entertainment Partners

Cody Petrowsky

https://productionlot.ep.com/discussion/comment/668#Comment_668

Thank you for the insight!

In your opinion, could this lead to any post production job growth in the state since there's an incentive for use of Indiana workforce?

Joseph Chianese

https://productionlot.ep.com/discussion/comment/669#Comment_669

Definitely a good starting point. The non-transferable/non-refundable incentive is basically worthless.

Cody Petrowsky

https://productionlot.ep.com/discussion/comment/670#Comment_670

That gives me some hope at least.

I agree. Im unsure what they were thinking initially. I honestly can't believe it took them almost 3 years to figure out that it was better to have a transferable one.

Thank you again!