House approves alternative to film incentive in budget bill - wistv.com - Columbia, South Carolina |

House approves alternative to current film incentive in 2014-15 spending plan

Posted: Updated:
Lawmakers in the state House approved an alternative to the current film incentive tax credit in North Carolina Lawmakers in the state House approved an alternative to the current film incentive tax credit in North Carolina
RALEIGH, NC (WECT) -

The state House passed an amendment proposed by Rep. Ted Davis (R-New Hanover) that changes North Carolina's film incentive tax credit to a Grant Fund, similar to a proposal that has already passed the state Senate.

Unlike the proposal introduced by Sen. Bill Rabon (R-Brunswick) that allocated $20 million for the Film and Entertainment Grant Fund, Davis' proposal allocates only $5. Davis said during the debate on the floor that the simple allocation is enough to "keep the issue on the table" when members of the House and Senate go into conference to negotiate the differences between each chamber's spending plans.

Rep. Frank Iler (R-Brunswick), who says he would rather lawmakers extend the current film incentive tax credit, raised concerns with Davis' proposal, but also seemed resigned to the GOP majority not favoring that approach.

"I don't like this (grant fund) approach," Iler said during the debate on the House floor. "But, I will take what we can get. A half a loaf is better than none at all."

"I am a realist," Davis added during the debate. "I realize there are not enough votes in the House right now to extend the current incentives." The current film incentives program expires at the end of 2014.

To read the text of Davis' amendment on the Film and Entertainment Grant Fund, click here: http://bit.ly/1oUzQeN

Debate on the state House budget bill continued after the debate and vote on Davis' amendment. Members are expected to give final approval to the $21 billion spending plan Friday.

Copyright 2014 WECT. All rights reserved

  • PoliticsMore>>

  • Michael Lee sworn in as state senator

    Michael Lee sworn in as state senator

    Wednesday, August 20 2014 4:57 PM EDT2014-08-20 20:57:55 GMT
    During a swearing-in ceremony Wednesday afternoon, Wilmington attorney Michael Lee became a state senator until January, although he hopes the upcoming election will extend his tenure. Lee is finishingMore >>
    During a swearing-in ceremony Wednesday afternoon, Wilmington attorney Michael Lee became a state senator until January, although he hopes the upcoming election will extend his tenure.More >>
  • UPDATE: NC House passes coal ash bill, Senate expected to follow

    UPDATE: NC House passes coal ash bill, Senate expected to follow

    Wednesday, August 20 2014 4:06 PM EDT2014-08-20 20:06:08 GMT
    Republican leaders in the General Assembly say they have reached a compromise deal on implementing new coal ash regulations, and forcing Duke Energy to close all 33 of its coal ash ponds across North Carolina. AccordingMore >>
    House lawmakers in the NC General Assembly on Wednesday passed a bill mandating cleanup of all Duke Energy coal ash ponds by the year 2029. The action follows a massive spill of coal ash into the Dan River in February from a company site in Eden. You can click on a link inside this story to see the specifics of the bill, which must be approved by the state Senate before going to the Governor's desk.More >>
  • Changes to film grant program will go in front of lawmakers

    Changes to film grant program will go in front of lawmakers

    Monday, August 18 2014 9:51 PM EDT2014-08-19 01:51:31 GMT
    The Film and Entertainment Grant Fund proposal will go back in front of state lawmakers tomorrow and Wednesday, after House and Senate conferees made slight changes to the proposal already approved inMore >>
    It appears lawmakers are moving forward with a grant fund that will replace the current Film Incentive Tax Credit that has been in place to lure film and television productions to North Carolina.More >>
Powered by WorldNow