Bill
HB 25-1005
Establishes a state tax incentive for eligible film festivals to boost festival activity, tourism, and local spending, benefiting organizers, vendors, and communities.
Status: Governor Signed
Introduced: January 8, 2025
Final action: Signed by Governor April 8, 2025
Note: The official bill text and fiscal note were not provided. This summary is based on the bill title, sponsors, and the legislative history available. Where the bill text is not available, I describe likely or typical provisions such a measure would contain and clearly indicate those as illustrative rather than verbatim.
According to its title, HB 25‑1005 establishes a tax incentive program intended to support film festivals. The stated policy objective (inferred from the title) is to encourage film festival activity in the state — likely to promote cultural programming, tourism, local economic activity, and the motion picture industry.
Multiple committee referrals and floor actions occurred in February–March 2025. The bill cleared both chambers without major floor amendments at final readings.
Multiple bipartisan sponsors and cosponsors. Primary sponsors listed include Judy Amabile, Mark Baisley, Monica Duran, and Brianna Titone; numerous additional cosponsors from both parties are listed.
Because the bill text is not in the provided materials, specific statutory changes (e.g., code sections amended, tax credit amounts, eligibility criteria, caps, or sunset provisions) cannot be stated here. The title and final passage indicate the legislature authorized some form of tax incentive targeted at film festivals.
These are common elements often found in tax‑incentive bills for festivals/film activity; they should not be taken as the enacted specifics unless confirmed by the bill text:
- Definition of eligible entities (e.g., nonprofit or for‑profit film festivals that meet state criteria).
- Type of tax incentive: refundable/nonrefundable tax credits, rebates, or credits against withholding or corporate income tax.
- Eligible expenses (marketing, venue rental, production‑related costs, local vendor purchases).
- Certification or application process administered by a state agency (e.g., Department of Revenue or Office of Film & Media).
- Annual or per‑project caps and an aggregate program cap; possible sunset date.
- Reporting and audit requirements and a fiscal impact statement.
To understand the program’s exact mechanics and fiscal impact, review:
- The enacted bill text (session laws or statute citation)
- The fiscal note and revenue estimate prepared during committee hearings
- Administrative rules or guidance from the agency charged with implementation
If you would like, I can locate and summarize the enacted statutory language and the fiscal note (if available) and produce a detailed analysis of estimated revenue impacts and eligibility rules.
Compiled from official sources — confirm details with the bill’s official record.
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