Nevada lawmakers are making moves to boost the state’s presence in the film industry. Senate Bill 220, which proposes expanding the state’s film tax credit program to attract film studios, was approved by the Senate Revenue and Economic Development Committee. The bill, sponsored by state Sen. Roberta Lange, requests $98 million in annual transferable film tax credits to build a film studio campus in Las Vegas.
The project, called Nevada Studios, is expected to generate significant economic output, create thousands of jobs, and attract private investment. Additionally, the bill includes funding for a Creative Technology Initiative to focus on innovation in various industries. Proponents believe the bill will strengthen Nevada’s economy and drive innovation, while critics are concerned about the allocation of state funds.
The bill received support from various stakeholders, including construction union members who see the project as a way to create jobs. However, some urge caution in investing state funds in a private industry without prioritizing education and other key sectors. The report estimates a positive return on investment for the state’s general fund, with potential additional revenue from screen-related tourism.
SB 220 now moves to the Senate Finance Committee for further consideration. A similar bill, Assembly Bill 238, is also under review in the Assembly Revenue Committee. Overall, the effort to expand Nevada’s film industry is seen as a way to diversify the state’s economy and create long-term opportunities for growth.
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