SB306 amends Indiana's film and media production tax credit by making it transferable and extending the expiration date of eligible expenses to July 1, 2031.
The Senate passed SB306 on April 7, 2025, by a vote of 48 to 0. We have assigned minuses to the yeas because government has absolutely no business subsidizing the entertainment industry. Multi-millionaire Hollywood producers and leftist film artists can pay their own taxes, and deserve no special carve-out from the immoral and anti-constitutional forms of taxation (e.g., corporate or personal income taxes) that steal from citizens the wages they have rightfully earned. Policies that involve the government picking economic “winners” and “losers” violates the basic principles of free-market enterprise. “Economic opportunity” is too often simply a cliché or code word used to finance these types of crony, elite-driven “pork-barrel” projects. The U.S. Constitution’s Bill of Rights and 14th Amendment were written to promote the “general Welfare” of all Americans by preventing undue deprivations of every person’s “property.”
