# @prairiesurfmedia on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/CpSsGWzL3ba
- **Gondola URL:** https://gondola.cc/posts/15381022-prairiesurfmedia-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/b9bc014d47.jpg
- **Posted:** 2023-03-02T15:44:18.000+00:00
- **Account Owner:** Prairie Surf Media (@prairiesurfmedia) — https://gondola.cc/prairiesurfmedia

## Caption

On Tuesday, House Bill 1362 passed out of committee, and we are one step closer to increasing our state’s film incentive cap from the current $30 million to $80 million. This is a worthy opportunity to diversify our economy while creating a stronger, creative workforce. Additionally, an $80 million cap creates the opportunity for approximately $500 million in direct production spend per year. 
 
HB 1362 would lower the potential rebate a project could receive from 38% to a maximum of 30%. This tightening of the faucet still makes Oklahoma’s incentive industry-competitive while creating an opportunity to spread more money across all projects. 
 
Per The Oklahoman, “HB 1362 would create three tiers of productions as opposed to the current two. If it is passed by the state Legislature and signed into law by the governor, the bill would allocate $5 million annually for projects with total expenditures of less than $1 million; $18.75 million for projects between $1 million and $7.5 million; and $56.25 million for projects over $7.5 million.”
 
We want to extend our deepest gratitude and congratulations to the author of House Bill 1362, Representative Scott Fetgatter, as well as all our legislators who have championed this bill and our state’s film industry. 
 
This is a PIVOTAL time for Oklahoma’s film industry. Want to know how you can get involved? Contact your legislators, thank them for their efforts, and let them know how valuable our film industry is to you. To find your legislator or to read the full article published in Yahoo and The Oklahoman, click on the link in our bio!

(Images by Doug Hoke/The Oklahoman)

#oklahomafilm #okiefilm #HB1362

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## Tags

okiefilm, oklahomafilm, hb1362

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