1. (1) Post-performance refundable tax credits are non - transferable and can only be issued to the state-approved motion picture that submits the motion picture incentive application and is approved by the Office with advice from the Board.

2. (2) Post-performance refundable tax credits in amounts over $2,000,000 may be paid in deferred payments over multiple years as authorized by the Office within the approved Board motion for the tax credit.

   1. (a) Deferred payments for tax credits over $2,000,000 are subject to available tax credit allocation as authorized by the Legislature.
   2. (b) Each annual installment of the deferred payment amount shall be outlined in the tax credit agreement.
   3. (c) A deferred payment plan cannot exceed three years.

KEY: economic development, motion picture, digital media, new state revenue

Date of Last Change: January 28, 2026

Notice of Continuation: February 6, 2026

Authorizing, and Implemented or Interpreted Law: 63N-8-104