Modifies the "Show MO Act" tax credit for qualified motion media production projects

HB 2058 modifies Missouri's "Show MO Act" tax credit program to support motion media productions filmed in the state. It provides a 20% tax credit on qualifying expenses for eligible projects (e.g., films, video games, VR content) that meet minimum spending thresholds ($50,000 for short projects, $100,000 for longer ones) and include Missouri credit statements. Additional 5% credits apply for filming at least 50% in Missouri and an extra 5% for filming 15% in rural or blighted areas. The credit reduces Missouri income tax liability for qualifying production companies, excluding news, political ads, infomercials, and other specified exclusions. This policy directly affects production companies creating eligible media content in Missouri.