Film Tax Credit Bill Amended

By: AP Email
By: AP Email

CARSON CITY, Nev. (AP) - A bill providing tax incentives to lure major film producers to Nevada has been amended to appease critics and better its chances of passage.

Democratic Sen. Aaron Ford of Las Vegas is the primary sponsor of SB165, a bill that drew the support of actor Nicolas Cage who came to Carson City earlier this month to lobby for the bill.

Critics questioned the economic benefits of the tax credit proposal, saying other states offer similar incentives and are rethinking the practice.

The Senate Finance Committee approved amendments making the program a four-year pilot project so officials can analyze the cost benefit.

Another amendment reduces to $20 million from $35 million the amount of transferable tax credits that would be available annually.

The bill now moves to the Senate floor.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KOLO-TV 4850 Ampere Drive Reno, NV 89502
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 208716781 - kolotv.com/a?a=208716781