Film industry tax credits fail in Senate
Published: April 5, 2010 at 3:35 pm
Supporters of the state’s fledgling film industry failed to persuade the Senate to create a new tax credit program aimed at luring – and keeping -movie productions in the state.
The Senate rejected S1409, the bill that would have created the tax credit program, by a vote of 11-16.
“I think we are going to have to regroup and see what we can do,” said Sen. John Nelson, the bill’s sponsor.
Nelson had changed his vote from “yes” to “no,” a parliamentary maneuver meant to give him the ability to ask that the bill’s failure be reconsidered.
The bill’s failure is a major setback for the film industry here. The existing tax program is set to expire at the end of the year.
Critics had assailed the bill as a special carve out for Hollywood producers at a time when the state has had to cut services and programs.
But supporters said the state needs to create the conditions to lure companies to the state, and the tax credit program is a tool to do it.