Las Vegas, NV, June 14, 2013 --(PR.com
)-- Nevada entered a new era yesterday when Governor Sandoval signed state senator Aaron Ford’s Senate Bill 165 which allows for up to $20 million in tax incentives for the motion picture industry types who film in Nevada.
“We expect to see an influx of commercials and low-medium budget films shooting all over Nevada starting early next year,” said Silver State Production Services founder, Chris Ramirez. “It’s just fantastic news for so many hard working people throughout the state.”
Beginning Jan. 1, 2014, productions that shoot at least 60 percent in-state and spend between $500,000 and $40 million here will be eligible to earn a transferable tax credit worth 15-19 percent of their in-state qualified expenses up to $20 million. The tax break can be used on all Nevada cast, crew, labor, materials, rentals, etc.
Nevada’s Film Tax Incentive bill was introduced by Senator Aaron Ford in spring 2013 and signed by Gov. Brian Sandoval on June 11, 2013. https://www.leg.state.nv.us/Session/77th2013/Bills/SB/SB165_EN.pdf
SSPS is a full service production services company based in Las Vegas. Its partners, operators and crew compile decades of production experience and a successful history of coordinating, supervising and assisting alongside some of the production industry’s most respected producers, cinematographers, directors and agencies. Individual credits include blockbuster franchises such as “The Hangover” and the “Hangover Three” along with the Toronto International Film Festival premiered “Think of Me,” starring Lauren Ambrose.