68°F
weather icon Partly Cloudy
Las Vegas, NV
2017 Legislature

Money panel OKs Nevada film tax credits

Gov. Brian Sandoval proposed $5 million for film tax credits during the upcoming two-year budget cycle. (Thinkstock)
More Stories
This satellite image provided by Maxar Technologies shows the Saudi-flagged oil tanker Amjad of ...
Trump moving toward war, says Iranian president adviser
National Republican group funded attempt to recall Farley
Charter operators OK’d for Achievement School District program
State releases school-level student testing data, setting bar for improvement
By Sandra Chereb Review-Journal Capital Bureau
May 23, 2017 - 3:35 pm
 

CARSON CITY — The Assembly Ways and Means Committee approved a bill Tuesday providing $10 million a year in tax credits to the film industry.

Assembly Bill 492 revives a program initially approved by the Nevada Legislature in 2013 that was gutted a year later. The 2013 measure included $80 million for film industry tax credits, but the amount was reduced to $10 million in 2014 when $70 million in credits were given to Tesla during a special session. The program has not been funded since.

Gov. Brian Sandoval proposed $5 million for film tax credits during the upcoming two-year budget cycle.

The bill must still be approved by full Assembly before it is considered by the Senate.

Contact Sandra Chereb at schereb@reviewjournal.com or 775-461-3821. Follow @SandraChereb on Twitter.

THE LATEST
Lawsuit challenges Nevada’s new diabetes drug disclosure law
By Sean Whaley / RJ

Two pharmaceutical groups have filed a lawsuit in federal court challenging the constitutionality of a bill passed by the 2017 Nevada Legislature requiring disclosure of the pricing of diabetes drugs.

Nevada Legislature approves final payment for ESA software
By Sean Whaley / RJ

The final action on Nevada’s controversial private school choice program came Thursday when the Legislature’s Interim Finance Committee approved $105,000 to pay off the remaining costs incurred by a vendor who was working on the development of software to implement the program.

 
Recall targets a third Nevada senator
By Colton Lochhead / RJ

A third recall petition against a female Nevada state senator was filed Wednesday.

Federal government approves Nevada’s education plan
By Meghin Delaney / RJ

Nevada is among four states to get U.S. Education Department approval of its plan as required under a new federal education law, the Every Student Succeeds Act, or ESSA.