Taxes, Exemption and Credits - As introduced, redefines "qualified production company" for the purpose of receiving franchise and excise tax credit from an entity incurring $1 million of qualified expenses incurred in this state necessary for the production of a movie or episodic television program to an entity incurring $2 million of such qualified expenses. - Amends TCA Section 67-4-2109 and Title 67, Chapter 6, Part 3.