LAS VEGAS (KTNV) — Around town you can spot the backdrop of Las Vegas in many feature film productions.
And those production numbers are on the rise in the valley and the state with one of the reasons being financial incentives.
The Nevada film and production tax incentives credits are providing reasons to film in the Silver State.
The film tax incentive offers back 15 percent of the production costs of filming including 15 percent on wages and salaries for all Nevada residents hired on a production. Out of state residents get back 12 percent.
The credit is transferrable and expires four years after its issue.
The Nevada Film Office told 13 Action News that close to 40 states offer this incentive, but the production activity continues to be busy in Southern Nevada because the Las Vegas brand is so strong.
Although productions are on the incline, it’s important to realize that show business, will always be a “business,” and the Nevada Film Office Director, Eric Preiss sees more positive growth.
“Well from the time it started to now, we’ve definitely seen an increase, because we didn’t have it before, and with productions again it’s a business - it’s show business,” he said.
The film tax credit is five years old, and the Nevada Film Office says it issues over 400 permits a year. As the incentives bring more jobs and money to the economy, they see no signs of productions slowing down.
