1.1.................... moves to amend H.F. No. 3515, the delete everything amendment
1.2(A10-2444) as follows:
1.3Page 1, after line 2, insert:

1.4    "Section 1. [290.0681] FILM PRODUCTION CREDIT.
1.5    Subdivision 1. Credit. A producer is allowed a credit against the tax imposed
1.6under this chapter, including the taxes imposed under section 290.091 and 290.0921, but
1.7excluding the tax under section 290.0922, equal to 20 percent of film production costs
1.8incurred during the taxable year.
1.9    Subd. 2. Definitions. (a) For purposes of this section, the following terms have
1.10the meanings given them.
1.11(b) "Film production costs" has the meaning given in section 116U.26, paragraph
1.12(b), clause (1).
1.13(c) "Producer" means an individual, partnership, limited liability company, or
1.14corporation that produces a film as defined in section 116U.26, paragraph (b), clause (2).
1.15    Subd. 3. Refundable. If the amount of credit which the producer is eligible to
1.16receive under subdivision 1 exceeds the tax liability under this chapter, the commissioner
1.17shall refund the excess to the producer.
1.18    Subd. 4. Appropriation. An amount sufficient to pay the refunds required by this
1.19section is appropriated to the commissioner from the general fund."
1.20Renumber the sections in sequence and correct the internal references
1.21Amend the title accordingly