Lights, Camera, Action! Ohio Motion Picture Tax Credit Gets a Blockbuster Boost

Lights, camera, tax credits! On Friday, June 30, 2023, Ohio Legislators voted in favor of an increase to the Ohio Motion Picture Tax Credit.

Since its passage in 2009, the Ohio Motion Picture Tax Credit has generated over $1.38 Billion in economic impact and created over 7,092 Full-Time Equivalent jobs in the state. With the tax credit expansion, Ohio continues to position itself as a top destination for local, national, and international filmmakers.

The increase raises the current annual $40 million cap to $50 million, with $5 million designated for theatrical production and $45 million designated for motion picture production for the 2023-2024 fiscal year (which commences July 1, 2023).

For the 2024-2025 fiscal year, in addition to the $50 million production incentive, Ohio adds a $25 million infrastructure tax incentive that will also be available to reallocate towards production incentive at the discretion of the Ohio Department of Economic Development.