NASHVILLE, Tenn. — A bill meant to incentivize filmmakers and other entertainers to continue working in Tennessee is headed to Governor Bill Lee's desk to be signed into law.
The bill would create a sales tax exemption for equipment purchased to make a film, television series, video game competition or other kinds of content in the state. Equipment used to make video games, interactive digital media, CGI, stand-alone audio and post-prodiction editing would also be eligible for the exemption.
It would also create a 40% to 50% tax credit for productions, based on employee payrolls.
The Tennessee Film, Entertainment and Music Commission must determine that applicants qualify for the credit and exemption, and the Commissioners of Revenue and Economic and Community Development must approve it.
H.B. 0141 was introduced by Representative William Lamberth (R - District 44). The bill passed unanimously in the Tennessee Senate, and passed 87-1 in the House of Representatives.