GreenSlate reposted this
Hollywood is knocking on Nevada’s door… with Warner Bro.’s new pitch sweetening the pot further. But it’s all riding on tax credit legislation that would expand Nevada’s film tax credit program. Over the summer it was announced that Warner Bros. Studios Chief Operating Officer Simon Robinson pledged that the media company would commit to a minimum of $500 million in annual content spending, totaling $8.5 billion over the next 17 years, contingent on state lawmakers approving a massive expansion of the state’s film tax credit program next year. (Source: https://lnkd.in/dNu8DYMp) In addition, Warner Bros. would partner with the University of Nevada, Las Vegas and Birtcher Development to fully occupy Nevada Studios. Nevada Studios would be renamed Warner Bros. Studios Nevada and would feature full-service film & television studios along with film & television educational and vocational training centers. To sweeten the deal even further, the studio in Nevada will also include attractions similar to the ones Warner Bros. operates in Hollywood, London and Tokyo. Currently Nevada offers up to a 15% transferable tax credit to qualifying productions , with uplifts for shooting in rural counties and hiring over 50% of NV resident crews. The program is limited to providing no more than $10 million in transferable tax credits for all film productions in a single year, and credits are capped at $6 million per production. DM me for more information, and follow me for future film tax incentive updates! #filmproduction #filmmaking #filmmakers #accountants