Just days after Texas tripled its film and TV production tax incentives, Nevada has gotten into the game. Gov. Brian Sandoval has signed the state’s first program aimed at luring productions away from California and elsewhere. Starting Jan. 1, productions that shoot at least 60 percent in-state and spend $500,000 to $40 million there will be eligible to earn a transferable tax credit worth 15%-19% of their in-state qualified expenses up to $20 million. The tax credit can be used on all Nevada cast, crew, labor, materials, rentals and such. The bill, introduced in February by Sen. Aaron Ford, D-Las Vegas, moved quickly through the Legislature. It establishes a pilot program to be operated by the state Office of Economic Development. The OED will stop taking applications at the end of 2017, but those with unused credits will get the benefits until the program expires on June 30, 2023. Among those who testified for the state legislature to approve the program was Nicolas Cage. The actor went to Reno in May to speak with state officials.
Nevada Enacts First Production Tax Incentives, Up To $20M Beginning Jan. 1
What's Hot on Deadline
'Parks & Rec' Mike Schur Says "Everybody Knew About Kevin Spacey"; 'Leftovers' Damon Lindelof Regrets Theroux Jokes
'Justice League' Encounters Kryptonite At The B.O. With $96M Opening: Why The DC Movie Weakened - Sunday AM Update
Ryan Eggold, Who Played Fan Favorite Tom Keen In 'The Blacklist,' Joins Spike Lee's 'Black Klansman'
'Justice League' Lassos $185.5M Overseas, $281.5M WW; 'Thor' Rocks To $738M Global - International Box Office
'Transparent' Creator Jill Soloway Won't Discuss Jeffrey Tambor Scandal, Advocates Anti-Harassment On-Set Rules
Latest Film News
- Russell Simmons Accused Of Forcing Sex On Model While Brett Ratner Watched
- ‘Justice League’ Lassos $185.5M Overseas, $281.5M WW; ‘Thor’ Rocks To $738M Global – International…
- ‘Justice League’ Encounters Kryptonite At The B.O. With $96M Opening: Why The DC Movie Weakened – Sunday…
- Harvey Weinstein Drew Up 91-Name List For Investigators To Target: Report
- Little People Played Big Enough At A Guild Screening Of Alexander Payne’s ‘Downsizing’
- Hollywood Split Over Al Franken; Former ‘SNL’ Cast Members Take Sides