US EditionLas Vegas movie studio bill dies in Nevada Senate
The bill aimed to create 19,000 construction jobs and 18,000 permanent jobs but was defeated amid concerns about budget deficits and diluted diversity requirements.
- On Wednesday evening, the Nevada Senate rejected Assembly Bill 5 in a 10-8 vote in Carson City, killing the Summerlin Studios subsidy that would have committed Nevada to $120 million annually for 15 years starting in 2029.
- The Summerlin Studios proposal, first pitched in 2023, saw Howard Hughes Holdings team with Sony Pictures and Warner Bros. while construction trades unions and their PAC lobbied the special legislative session.
- Supporters said the bill imposed $900 million and $1.8 billion investment thresholds, with legislative fiscal staff warning of possible deficits up to $260 million by 2030.
- Supporters and lobbyists spent more than $120,000,000, but the Nevada Senate rejected AB 5 by one vote, ending the Summerlin Studios effort, with no vote expected before the special session ends.
- Amid national moves to expand film incentives, progressive groups and government-worker unions joined fiscal conservatives to oppose the measure, killing a bill that would have funneled about $11,000,000 annually to Clark County pre-K programs.
20 Articles
20 Articles
And… cut! Nevada lawmakers narrowly reject plan to lure movie projects to Vegas
Nevada wrapped up a seven-day legislative session with a major proposal to offer tax credits to film studios failing, and the governor's sweeping crime legislation passing. The film tax credit would have offered $95 million in tax credits for a…
And… cut! Nevada lawmakers narrowly reject plan to lure movie projects to Vegas
Nevada wrapped up a seven-day legislative session with a major proposal to offer tax credits to film studios failing, and the governor's sweeping crime legislation passing. The film tax credit would have offered $95 million in tax credits for a…
And… cut! Nevada lawmakers narrowly reject plan to lure movie projects to Vegas
Nevada wrapped up a seven-day legislative session with a major proposal to offer tax credits to film studios failing, and the governor's sweeping crime legislation passing. The film tax credit would have offered $95 million in tax credits for a…
And… cut! Nevada lawmakers narrowly reject plan to lure movie projects to Vegas
A seven-day special session wrapped in Nevada's capital with a major proposal to offer tax credits to film studios failing, and the governor's sweeping crime legislation passing. The film tax credit failed by one vote. It would have offered $95…
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