Nevada Welcomes Hollywood With Tax Break Bill - 8 News NOW

Nevada Welcomes Hollywood With Tax Break Bill

Posted: Updated:
Las Vegas Mayor Carolyn Goodman announcing the film tax credit passage Wednesday. Las Vegas Mayor Carolyn Goodman announcing the film tax credit passage Wednesday.

LAS VEGAS -- Filmmakers now have more reasons than the rugged mountains and fabulous Las Vegas to shoot their movies in Nevada.

Republican Gov. Brian Sandoval signed a bill into law that grants transferable tax credits to major filmmakers in an effort to bring a new industry to the Silver State.

The program is a four-year test, so lawmakers will have the opportunity to reverse course.

According to the Motion Picture Association of America, the 22 films and 11 television shows shot in Nevada in 2010 and 2011 paid $135 million in wages.

Movie industry professionals have said that they feel certain Nevada could become a hub for making films, in part because Nevada neighbors California, where 284 films and 276 TV shows were made in 2011.

The bill's passage is being credited, in part, to actor Nicolas Cage, a Las Vegas resident who told the Nevada Legislature and the Las Vegas mayor that if the state offered tax credits, more filmmakers would come to the state instead of building sets in other states that look like Las Vegas.

A big budget film hired hundreds of workers, including production assistants, extras, craft services and security personnel.

Louisiana was the first state to offer a tax break. In 2010, 63 films were made in the state, creating 8,000 jobs. Insiders said if Hollywood is willing to travel to Louisiana for a 30 percent tax break, they'll come to nearby Nevada for the 20 percent break the bill provides.

(The Associated Press contributed to this report.)

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KLAS. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.