Enacts the Nevada Film Infrastructure, Workforce Development, Education and Economic Diversification Act. (BDR S-18)

From the Legislature

AN ACT relating to economic development; enacting the Nevada Film Infrastructure, Workforce Development, Education and Economic Diversification Act; requiring the Office of Economic Development to enter into a development agreement to establish certain criteria for the development of infrastructure for the production of motion pictures and other qualified productions; establishing requirements for a production company located at such a development to be eligible for film infrastructure transferable tax credits for qualified productions produced at the development; providing for the calculation of the amount of film infrastructure transferable tax credits; revising provisions governing noninfrastructure transferable tax credits for motion pictures and other qualified productions produced in this State; authorizing an additional amount of noninfrastructure transferable tax credits; establishing the Account for Nevada Film, Media and Related Technology Education and Vocational Training and a board to approve distributions from the Account; providing for the distribution of money in the Account; and providing other matters properly relating thereto.