Nevada Lawmakers Reject $1.4B Film Tax Credit Proposal Amid Budget Concerns - Nevada Globe

R.I. overspent on film tax credits in 2022. Lawmakers must correct $3.2M difference this year.

Initial estimates predict the third season of ‘The Gilded Age,’ taped in Newport in late 2024, spent nearly $27 million on filming in Rhode Island. Season 3, which debuts June 22 on HBO, would qualify for $8 million in state tax credits. Matt Walker and Taaissa Farmiga appear in the first episode of Season 3, above. (Photo by Karolina Wojtasik/HBO)From “The Gilded Age” to “Hocus Pocus 2,” Rhode Island has played a starring role in a growing numb…

Nevada Lawmakers Reject $1.4B Film Tax Credit Proposal Amid Budget Concerns - Nevada Globe

In a decisive move reflecting fiscal conservatism, Nevada lawmakers have halted a proposed $1.4 billion tax incentive aimed at establishing a Hollywood-backed film studio in Las Vegas. Assembly Bill 238, which narrowly passed the Assembly with a 22-20 vote, failed to secure a Senate vote before the legislative session concluded, effectively shelving the project until at least 2027 unless a special session is convened. The bill sought to allocate…

The Nevada Legislature rejects a proposal to create a $95M annual tax credit for the Sony- and WBD-backed Summerlin Studios project in Las Vegas

Mediagazer presents the day's must-read media news on a single page.