Actor Mark Wahlberg lobbied Nevada state lawmakers Wednesday to pass a bill that would coax more film production to Las Vegas.
The electronics giant has committed to spend $1 billion on film production in Nevada over a decade, but only if the tax incentive package, known as the Nevada Film Studio Infrastructure Act, passes.
That studio would sit on the University of Nevada Las Vegas technology park, which would also include educational facilities for job training in the film industry.
"For a company to earn $190 million tax credit ... they would have to spend $633 million filming and creating economic development for this whole valley."
Other states have seen film production tax credits become a financial drain, according to analysis by the Nevada Policy Research Institute.
Persons:
Mark Wahlberg, Wahlberg, I've, Sen, Roberta Lange, Howard Hughes, Tony Vinciquerra, David O'Reilly, O'Reilly, Birtcher
Organizations:
CNBC, Nevada Legislature, Birtcher Development, Sony Pictures Entertainment, Howard, Howard Hughes Corp, Sony, Nevada Film Studio, Las Vegas Media, University of Nevada, Nevada Policy Research Institute
Locations:
Nevada, Las Vegas, Summerlin, University of Nevada Las Vegas