HB2590: Relating To Taxation.

What this measure contains

Imposes the manufacturing general excise tax rate on motion picture, digital media, and film productions and repeals the provision in the definition of "qualified production costs" that applied the term to mean costs incurred that are subject to the highest general excise tax rate. Exempts from the general excise tax certain amounts received by a motion picture project employer from a client company equal to amounts that are disbursed by the motion picture project employer for employee wages, salaries, payroll taxes, insurance premiums, and employment benefits and payments to loan-out companies. Requires persons making payment to a loan-out company and claiming the Motion Picture, Digital Media, and Film Production Income Tax Credit to deduct and withhold an amount exceeding the amount actually due for all payments made to the loan-out company for services performed in the State. Applies to taxable years beginning after 12/31/2026. Effective 7/1/3050. (SD1)

This is the description in the imported bill snapshot. It may describe a later draft than the version considered in this vote. The recorded motion above identifies the decision; the bill description does not establish the exact text voted on.

Official measure page ↗

Official text and draft versions

• Introduced· Jan 28, 2026 · Official original ↗
• Amended· Feb 17, 2026 · Official original ↗
• Amended· Mar 23, 2026 · Official original ↗Published after this vote

Document dates help distinguish drafts. A document published before the vote is not proof that this was the version considered.

Recorded decision and member tally

Senate Economic Development and Technology: Passed, With Amendments

This record lists 5 members; its source-reported total is 5.

Committee and conference committee votes involve the assigned members, rather than the entire House or Senate. A tally of three or five members can be a committee decision. The action above identifies the source's decision; these records do not establish that all chamber votes have been captured.

Source outcome: passed.

Yes

3

No

0

Not voting

0

Absent / excused

2

This outcome applies to the recorded motion. It does not by itself mean the measure became law. The original description and each member’s recorded vote are preserved below.

Members listed for this decision

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