SOUTHPORT, NC (WECT) – A bill filed in the state House is creating a lot of concern for town leaders in Southport.
HB 994, co-sponsored by Rep. Rick Catlin (R-New Hanover) and Rep. Chris Millis (R-Pender), Rep. Paul Stam (R-Wake) and Rep. Paul Luebke (D-Durham), seeks to make the film production credit non-refundable.
Film productions would no longer receive a refund from the state for any income tax credit. Under the proposed bill, the production would instead be entitled to carry the surplus credit forward for the next five years, to use against any future tax liability.
One of our area's most popular spots for filming is the city of Southport.
City leaders say if this bill passes, it would have extremely negative impacts.
Councilman Buddy Barnes expressed his concern.
"The film industry not only brings the tourism dollars, but it also creates a landscape of different job opportunities," said Barnes. "Our citizens need those job opportunities."
Barnes says the City of Southport plans to pass a resolution in opposition to the film incentives bill at their next regularly scheduled meeting.
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