Unions back Nevada film studio tax incentive proposal
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Runners stop to to have photos taken by official photographers at the Welcome to Las Vegas sign during the Rock ‘n’ Roll Las Vegas Marathon, Sunday, Nov. 12, 2017, in Las Vegas. (AP Photo/John Locher, File) LAS VEGAS (AP) — Movies like “The Hangover” and “Ocean’s Eleven” piqued interest in the Las Vegas Strip long ago. But now Nevada labor unions hoping to boost jobs and tourism are pushing state officials to offer tax credits aimed at bringing more Hollywood filmmaking to the state.
AI Summary
Main Idea: Nevada unions are pushing to revive tax credits for Sony Pictures Entertainment and Warner Bros. Discovery so a new Las Vegas-area film studio can move forward and bring jobs to the state.
Key Points:
- More than a dozen labor unions want state leaders to approve up to $95 million in tax credits for the Summerlin Studios project.
- Supporters say the studio would create about 19,000 construction jobs and help bring more filming, tourism, and long-term business to Southern Nevada.
- The plan did not get enough support in the regular legislative session, but backers hope to win approval in a special session next month.
- Opponents, including AFSCME and other state groups, say the deal would cost too much in public money and should not come before needs like education, health care, and other services.
Impact on the People
Negative Impact
Nevada taxpayers could face a costly film tax break for Sony and Warner Bros. That may crowd out money for schools, health care, and other public services, with uncertain returns.
Positive Impact
No clear positive impact identified.
How did each entity affect people?
Rate how each entity in this article affected the American people.
- Primary:Sony Pictures Entertainmentcompany
- Primary:Warner Bros. Discoverycompany
Candidate Entities12 candidates · 5 weighted vote min · 70% decision
- Sony Pictures EntertainmentcompanyPrimaryEvaluated
One of the two central companies seeking the Nevada tax incentives for the proposed film studio project.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Warner Bros. DiscoverycompanyPrimaryEvaluated
One of the two central companies tied to the proposed film production facility and tax credit deal.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Governor Joe LombardopersonMajorAI selected
Nevada’s governor is central because he will call the special session and his decision affects whether the proposal.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Laborers International Union of North America, Local 872union / trade associationMajorAI selected
Named local union leading support for the proposal and public advocacy effort.
Include 0 (0%)Ignore 0 (0%)5 to threshold - NevadastateMajorAI selected
The state government and legislature are the decision-makers for the tax credit proposal.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Nevada Jobs Nowpolitical organizationMajorAI selected
The labor-backed PAC raising money and campaigning publicly to revive the film tax credit proposal.
Include 0 (0%)Ignore 0 (0%)5 to threshold - CaliforniastateMinorCandidate
Mentioned as a comparator state that recently revamped its film incentives.
Include 0 (0%)Ignore 0 (0%)5 to threshold
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