Reenacts GS 105-151.29 and GS 105-130.47, individual and corporate income tax credits for qualifying expenses of a production company, as they existed immediately before repeal and makes the following changes. Recodifies GS 105-151.29 as GS 105-153.11. Amends both GS 105-153.11 and GS 105-130.47 by removing the sunset provision. Applies to qualifying expenses occurring on or after January 1, 2019.