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montana media/Film coalition
On July 1, 2019, the Montana Economic Development Industry Advancement (MEDIA) Act came into affect. It offers a 20% transferable income tax credit on production expenditures in the state with additional amounts that can increase the credit up to 35% of the production company’s base investment in the tax year.
The total economic impact in Montana from productions that have filmed during this time period is estimated to be approximately $153.9 million, supporting 839 FTE jobs with $41.5 million in employee compensation in Montana. The tax revenues generated by these productions is estimated to be $12.0 million to the State of Montana and $4.6 million in additional tax revenues generated to local jurisdictions such as County and municipal governments for a total fiscal impact of $16.6 million over the study period. 11,12
The economic benefit has been astounding. Read the report here:
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