Michigan Business Tax Film Production Credit Reporting Requirements Expanded
Public Act 312 of 2010, effective December 21, 2010, expands the reporting requirements for the film production credit that may be claimed against the Michigan business tax. If the expenses qualify as qualified personnel expenses or direct production expenses for purposes of claiming the credit, then that information is not considered part of the commercial and financial operations of the taxpayer.
Accordingly, such information may be disclosed under a Freedom of Information Act request. In addition, on January 15 and July 15 of each year, the Michigan Film Office is required to make available a detailed semiannual report on its website. The Michigan Film Office is also required to include additional information in its annual report.
Finally, the Michigan Film Office is required to send a copy of each postproduction certificate of completion to certain government officials and the Department of Treasury is required to report annually regarding the amount of refunds given for the credit.