Nevada Assembly Passes Bill to Provide $1.4b in Tax Credits for Summerlin Movie Studio

Nevada Assembly passes bill to provide $1.4b in tax credits for Summerlin movie studio

Nevada Assembly on Friday approved what is likely be the state’s largest public subsidy in history: $1.4 billion in transferable tax credits over 15 years to support a movie studio in Las Vegas.

Nevada Assembly Passes $1.4 Billion Movie Studio Tax Credit Bill

The Nevada Assembly just voted to approve what could become the state's largest public subsidy ever. By a narrow 22-20 margin, lawmakers passed a bill giving $1.4 billion in tax credits over 15 years to support a Hollywood movie studio project in Las Vegas. What's in the Bill Assembly Bill 238 would dramatically expand Nevada's...