Bill > AB238

This bill establishes the Nevada Studio Infrastructure Jobs and Workforce Training Act, which aims to create a comprehensive program to support film and media production in Nevada through tax credits and workforce development initiatives. The legislation centers on the Summerlin Production Studios Project, a large-scale development intended to establish Nevada as a hub for content creation. The bill requires the Office of Economic Development to enter into a development agreement with the project's lead participant, setting specific requirements for capital investment, direct production expenditures, and workforce development. Production companies located at the studio can apply for film infrastructure transferable tax credits, with the base credit amount set at 30 percent of qualified direct production expenditures. The bill includes provisions to incentivize hiring Nevada residents and supporting traditionally underrepresented groups in the film industry. Additionally, it creates an Account for Nevada Film, Media and Related Technology Education and Vocational Training to support workforce development programs, with 30 percent of funds allocated to the Nevada Partners Vocational Training Studio and 70 percent distributed to educational and training organizations. The legislation also establishes a Board to oversee grant distributions and requires recipients to implement community benefits programs focused on workforce diversity and inclusion. The tax credit program is designed to run until 2043, with the goal of diversifying Nevada's economy and creating high-quality jobs in the creative sector.

Budget and Finance

https://www.leg.state.nv.us/App/NELIS/REL/83rd2025/Bill/12258/Overview