AN ACT relating to tax incentives for continuous film production projects.

Amend KRS 154.61-010, 154.61-020, and 141.383 to establish a continuous film production aspect of the film industry and motion picture tax credit; cap continuous film production tax incentives at $25 million for calendar year 2024 and each calendar year thereafter; require credit amount to be equal to 35% of approved company's qualifying expenditures and qualifying payroll expenditures that are paid to production crew that are not residents increase credit to 40% if qualifying payroll expenditures are paid to residents; create new section of Subchapter 61 of KRS Chapter 154 to allow recapture of the enhanced film production incentives if the approved company fails to meet the biennial budget requirement of $20 million on all film productions in the Commonwealth.