Nevada State Lawmakers Review Studio Bills: Here’s The Breakdown

Nevada is currently considering two legislative proposals aimed at expanding film tax incentives to attract major studios like Sony Pictures and Warner Bros. Discovery to the state. These initiatives seek to transform Las Vegas into a significant hub for film and television production, often referred to as “Hollywood 2.0.”

Assembly Bill 238

Introduced by Assembly members Sandra Jauregui and Daniele Monroe-Moreno, both Democrats from Clark County, Assembly Bill 238 proposes the Nevada Studio Infrastructure Jobs and Workforce Training Act. This bill aims to provide up to $95 million in transferable tax credits to film studios that establish operations in Nevada. To qualify, studios must build production facilities and conduct their filming within the state. Additionally, the bill seeks to

establish a vocational training program to support individuals pursuing careers in film production.

Senate Bill 220

On the other hand, Senate Bill 220, sponsored by State Senator Roberta Lange, also a Democrat from Clark County, proposes an expansion of the state’s film tax credit program, increasing it by up to $83 million over several years. This bill emphasizes infrastructure development and workforce training, with plans to collaborate with institutions like the University of Nevada, Las Vegas (UNLV), the College of Southern Nevada, and Nevada State University. The goal is to create a comprehensive ecosystem that supports film and television production in the region.

Studio Commitments

Both Sony Pictures and Warner Bros. Discovery have expressed interest in establishing a presence in Nevada, contingent upon the approval of these tax incentives. Sony has indicated readiness to develop a studio in the Summerlin area of Las Vegas, while Warner Bros. has collaborated with UNLV to propose a $50 million education facility as part of their studio project.

Governor’s Position

Despite the enthusiasm from lawmakers and studios, Governor Joe Lombardo has expressed skepticism regarding the proposed tax incentives. He has raised concerns about the financial implications for the state and questioned the long-term commitment required. In an interview, Governor Lombardo stated, “I just don’t see that being good policy, good investments for the constituents and the state of Nevada.”

Legislative Outlook

As both bills progress through the legislative process, discussions continue about the possibility of merging them into a single, cohesive proposal. Given the substantial financial commitment involved—approximately $1.5 billion in tax credits over a 15-year period—lawmakers recognize the necessity of a unified approach to effectively transform Nevada into a premier destination for film and television production.

The outcome of these legislative efforts will significantly influence the future of Nevada’s entertainment industry and its potential emergence as a new center for film and television production.