The Yellowstone Film Ranch proactively supported the Montana Economic Development Industry Advancement (MEDIA) Act, reflecting its commitment to cultivating the film industry in Montana. Enacted on July 1, 2019, the MEDIA Act stands as a critical driver of growth.
It entices filmmakers with generous 20 percent transferable tax credits and breaks. The financial incentive serves as a compelling catalyst for film, television, and media production companies looking to establish a presence in Montana.
In addition to the general tax benefits, the MEDIA Act strategically emphasizes local engagement, promoting the recruitment of Montanans for various roles within film projects. Therefore, it encourages productions to contribute to the local economy by hiring from the pool of skilled Montanan professionals.
A notable facet of the MEDIA Act is its forward-thinking approach to workforce development. The legislation fosters collaboration between seasoned industry professionals and emerging talent by offering a 30 percent compensation tax incentive aimed explicitly at hiring college students.
The proactive initiative recognizes the importance of investing in the next generation of filmmakers, ensuring a sustainable and vibrant industry in the state.
