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SB 326

TO AMEND THE ARKANSAS JUVENILE CODE OF 1989 AND THE CHILD MALTREATMENT ACT; TO MODIFY GUIDELINES FOR A JUDGMENT MADE IN THE BEST INTEREST OF A CHILD; AND TO AMEND PROCEDURES AROUND REPORTING CHILD MALTREATMENT.

2025 Regular Session Introduced by Alan Clark

SB 326 boosts film tax credits to attract filmmakers, lower production costs, create jobs, and stimulate local economies, enhancing the state's appeal as a filming location.

Died on House Calendar at Sine Die adjournment.
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WeVote Research Nonpartisan
Bill Summary · SB 326

Summary of SB 326: Generally Revise Laws Related to MEDIA Act Film Tax Credits

Bill Number: SB 326
Introduced: November 11, 2024
Status: Chapter Number Assigned
Primary Sponsor: Greg Hertz
Related Bills: LC 1012 (replaces)

Purpose and Intent

SB 326 aims to revise existing laws governing film tax credits under the MEDIA Act. The bill seeks to enhance the attractiveness of the state as a filming location by providing financial incentives to filmmakers, thereby promoting economic growth and job creation in the arts and entertainment sectors.

Key Provisions

  • Tax Credit Adjustments: The bill proposes modifications to the existing film tax credit structure, potentially increasing the percentage of eligible expenses that can be claimed as tax credits.

  • Eligibility Criteria: SB 326 may redefine the criteria for qualifying productions, including the types of films and the minimum spending requirements necessary to qualify for tax credits.

  • Administrative Changes: The bill includes provisions for streamlining the application process for tax credits, making it easier for filmmakers to access these incentives.

  • Reporting Requirements: Enhanced reporting and accountability measures may be introduced to ensure that the benefits of the tax credits are effectively monitored and evaluated.

Impact

  • Filmmakers and Production Companies: The primary beneficiaries of SB 326 would be filmmakers and production companies that choose to film in the state. The revised tax credits are expected to lower production costs and encourage more projects to be filmed locally.

  • Local Economy: By attracting more film productions, the bill is anticipated to stimulate local economies through job creation in various sectors, including hospitality, transportation, and services related to film production.

  • State Revenue: While the bill aims to reduce tax revenue in the short term due to increased credits, the long-term economic benefits from job creation and increased tourism could offset these losses.

Procedural Timeline

  • Legislative Actions:
    • The bill was introduced in the Senate on February 13, 2025, and underwent several readings and amendments before being passed.
    • It was signed by the Governor on May 13, 2025, and subsequently assigned a chapter number on May 16, 2025.
    • The legislative process included multiple committee reviews and amendments in both the Senate and House, demonstrating active engagement and consideration by lawmakers.

Conclusion

SB 326 represents a significant legislative effort to bolster the film industry within the state through enhanced tax incentives. By revising the MEDIA Act's film tax credits, the bill aims to create a more favorable environment for filmmakers, ultimately benefiting the state's economy and cultural landscape.

Compiled from official sources — confirm details with the bill’s official record.

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