During a recent Senate Taxation meeting, discussions centered on the potential economic benefits of a proposed bill aimed at supporting the film industry in Montana. Business leaders and industry professionals voiced strong support for the legislation, highlighting its role in job creation and economic growth.
One prominent supporter, who represents a range of businesses from retail to restaurants, emphasized the positive impact the film industry has had on local economies. "Everyone I have spoken to is in full support of this," he stated, noting that the presence of notable figures in the industry has directly benefited local businesses. He urged the committee to pass the bill, calling it a "common sense" initiative that would drive significant economic impact across the state.
Sean Company, a member of the Montana Media Coalition, also spoke in favor of the bill, advocating for an extension of the sunset date for existing tax credits from 2029 to 2045. He explained that the current credits are nearly exhausted, and without this change, Montana risks losing meaningful film production opportunities. "If we don't change this cap, we won't have any meaningful production following in the state," he warned.
The discussions reflect a growing consensus among business owners and industry experts that supporting the film sector could yield substantial benefits for Montana's economy. As the committee considers the bill, the potential for job creation and sustained economic growth remains a key focus for many stakeholders in the community.