Film production credit modified.

This bill modifies Minnesota's film production tax credit program to encourage more local hiring and production outside the state's seven-county metro area. It directly affects film and television production companies operating in Minnesota by changing eligibility requirements and credit amounts. The key changes include increasing the base tax credit from 25% to 40%, with an additional 5% credit available for projects that hire Minnesota residents in key creative roles, film outside the metro area, or employ a majority of local crew members. The bill also lowers the minimum project spending threshold from $1 million to $400,000 for general film projects and $150,000 for television commercials, while maintaining a total annual credit cap of approximately $25 million.