(Carson City, NV) — A coalition of Nevada community, labor, and taxpayer-advocacy organizations are speaking out against proposed film tax credits.
Governor Joe Lombardo is considering holding a special session to consider a billion-dollar transferable tax credit to Warner Bros. and Sony to build “Summerlin Studios.” However, opponents say there are more pressing matters at hand.
Leaders with AFSCME met in Carson City on Wednesday, saying they are sending a letter to the Governor in opposition of this move. Many say recent findings in the latest GOED report show that economic ROI is not a meaningful measure of fiscal sustainability. They also project that taxpayers would leave Nevada’s economy upside-down for years to come due to the 15-year tax yielding hundreds of millions of dollars less than the credits.
Among those speaking out against the credits was Olivia Tanager, Sierra Club Toiyabe Chapter Director, who says that money should be put towards localized initiatives.
In the letter, advocates say they shouldn’t have to debate arithmetic, especially that commissioned by the Governor’s office. Additionally, they say fiscal ROI should govern incentivized decisions, not headling “economic output.”
