This bill remodels the motion picture tax credit program such that film producers can receive up to 50% of the qualifying expenditures that they accrue back in incentives for producing movies in Missouri. The bill also expands the list of industries that can receive incentives under this program. For example, producers of virtual reality content and video games may now qualify for these incentives. CPAC opposes the subsidization of the entertainment industry and opposed this bill. The Senate passed this bill on May 4, 2023 by a vote of 113-45 and the bill later became law.