The Senate Taxation Committee of the Montana Legislature convened on March 26, 2025, to discuss proposed amendments to a tax credit bill aimed at enhancing the state's film and television production industry. The meeting featured a detailed examination of the bill, with significant input from industry representatives advocating for amendments to improve its effectiveness.

The primary focus of the discussion was on an amendment proposed by a representative from the Motion Picture Association, who expressed strong support for increasing the tax credit cap to $30 million and extending its sunset provision. This amendment aims to stimulate economic growth in Montana by attracting more film and television projects to the state.

The representative outlined three key amendments to the bill. First, they requested an alternative minimum photography requirement, suggesting that a production could qualify either by meeting a 60% minimum requirement or by spending at least $3 million. This change is intended to make Montana more competitive with other states that have similar incentives.

Second, the representative proposed a two-year carry-forward provision for tax credits, allowing productions to utilize credits over a longer period. This would provide certainty for producers and ensure that the credits do not become a long-term liability for the state.

Lastly, the amendment included provisions for the saleability of tax credits, allowing them to be transferred or sold for the year incurred plus two additional years. This flexibility is seen as crucial for maximizing the benefits of the tax credit program.

Mark Baker, representing Paramount, echoed support for the proposed amendments, emphasizing the importance of collaboration between local talent and larger studios. He highlighted the success of the current $12 million cap on tax credits, which has led to high demand and significant production spending in Montana. Baker noted that the proposed amendments would help address challenges faced by large productions and ensure that Montana remains an attractive location for filming.

The committee acknowledged the detailed nature of the amendments discussed and indicated that further consideration would take place before any executive action is taken. The meeting concluded with a commitment to continue exploring the proposed changes to enhance the state's film production incentives.