Quantcast
Home / legislature / Film industry tax credits fail in Senate

Film industry tax credits fail in Senate

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

 

x

Check Also

Hoover Dam (National Oceanic and Atmospheric Administration Photo)

Water agency director insists lawmakers can give him forbearance authority (access required)

The head of the state’s water agency insists that, contrary to the conclusions of a legislative attorney, lawmakers can authorize his department to “forbear” the use of water from the Colorado River.