SB 2580: DOTAX; DBEDT; MOTION PICTURE, DIGITAL MEDIA, AND FILM PRODUCTION INCOME TAX CREDIT; QUALIFIED PRODUCTION; COSTS; THIRD-PARTY CERTIFICATION

Increases the amount of the motion picture, digital media, and film production income tax credit to 27% of qualified production costs in counties with a population of over 700,000 and 32% in counties with a population of 700,000 or less.  Requires each taxpayer claiming the tax credit to submit an independent third-party certification verifying certain information to the Department of Business, Economic Development, and Tourism.  Excludes qualified productions that incur at least $60,000,000 of qualified production costs from the per-production cap amount of $17,000,000.  Changes the aggregate cap amount to an unspecified amount.  Defines "streaming platform" and amends the definition of "qualified production" to include certain streaming productions.  Extends the repeal date of the tax credit to 1/1/2038.  Effective 7/1/2050.  (SD2)