Modify film and theater production tax credit

SB 283 modifies Ohio's film and theater production tax credit program by redefining eligible projects and eliminating a separate capital improvement credit. The bill expands the definition of eligible productions to include various digital media formats and specific types of Broadway shows, while listing detailed categories of expenses that qualify for the credit, such as cast wages and equipment rentals. To receive the credit, production companies must apply to the director of development and provide extensive documentation regarding their budget, timeline, and local economic impact. The legislation also establishes strict rules requiring projects to begin within ninety days of certification and mandates regular progress updates to prevent fraud or delays.