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

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 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.