Bill > SB220

This bill enacts the Nevada Film Infrastructure, Workforce Development, Education and Economic Diversification Act, which establishes a comprehensive program to support and expand film production in Nevada, particularly at the Harry Reid Research and Technology Park. The bill creates two main types of transferable tax credits for film productions: film infrastructure tax credits and noninfrastructure tax credits, with significant enhancements to the existing tax credit program. For film infrastructure credits, productions located at the Nevada Studios Project can receive credits of up to 35% for expenditures paid to Nevada residents and 30% for other qualified expenditures, with additional incentives for using local talent and meeting diversity goals. The bill also establishes the Account for Nevada Film, Media and Related Technology Education and Vocational Training, which will receive 10% of the tax credits issued and use those funds to support workforce development, educational initiatives, and grants for programs related to film and media production. A new Board will be created to oversee the Account and grant distribution, with members representing both public and private sectors. The legislation aims to diversify Nevada's economy, create high-paying jobs in the film industry, and develop a robust local talent pipeline through educational and training programs, with the tax credit program running from July 1, 2025, to June 30, 2050.

Budget and Finance, Business and Industry

https://www.leg.state.nv.us/App/NELIS/REL/83rd2025/Bill/12295/Overview