Senator Roberta Lange has announced her intention to reintroduce a revised version of her “film tax credit expansion proposal,” she presented during the last legislative session, for consideration in the upcoming 2025 session.
In a letter addressed to fellow Senate members, Lange outlined her plans to bring back the concept, albeit with significant adjustments, including halving the proposed credit amount. Lange’s proposal, which initially sought $190 million in annual tax credits over 20 years, will now aim for $95 million annually over 17 years.
The decision to revisit the legislation stems from its failure to progress during the 2023 session, despite endorsement from Hollywood figures like Jeremy Renner and Mark Wahlberg. Lange attributed its demise to time constraints within the 120-day legislative session.
The proposed tax credit system, part of ongoing efforts to bolster Nevada’s film industry, faced criticism for potentially straining infrastructure and diverting funds from other vital areas. Nonetheless, proponents argue that it could stimulate economic growth and job creation.
Lange emphasized that the revised bill maintains provisions to encourage private investment in infrastructure, particularly in collaboration with UNLV’s Harry Reid Research and Technology Park.
Despite reducing the credit amount, Lange remains steadfast in her commitment to fostering a thriving film industry in Nevada. She clarified that the proposal aligns with her original vision and economic feasibility studies, albeit accommodating increased interest from various stakeholders.
Regarding rumors of competing proposals, including ones from the Howard Hughes Corporation and Sony Pictures, Lange reiterated the focus on Southern Nevada’s economic development. However, she expressed openness to collaborative efforts for a unified approach.
In response to inquiries, representatives from Howard Hughes Corporation and Sony Pictures highlighted progress in advancing the Summerlin Production Studios Project, emphasizing its potential to generate significant investment and employment opportunities in Nevada.
Meanwhile, in Northern Nevada, community leaders are exploring inclusion in film tax credit legislation, backed by figures like Jeremy Renner and former governor Brian Sandoval.
Lange’s announcement coincides with continued private sector initiatives, such as the partnership between Birtcher Development and The MBS Group to establish “Nevada Studios” in Las Vegas. The project, part of the proposed Las Vegas Media Campus, underscores Southern Nevada’s appeal as a burgeoning hub for the film and television industry.
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