UPDATE: Hamilton's film incentives bill heads heads to committee - WECT TV6-WECT.com:News, weather & sports Wilmington, NC

UPDATE: Hamilton's film incentives bill heads heads to committee

Posted: Updated:
Rep. Susi Hamilton's bill to extend North Carolina's film incentives bill was referred to the House Finance Committee Rep. Susi Hamilton's bill to extend North Carolina's film incentives bill was referred to the House Finance Committee
RALEIGH, NC (WECT) -

A bill drafted to extend North Carolina's film incentives without a "sunset" provision was sent to the House Finance Committee on Wednesday, after passing First Reading. Rep. At first glance, the outlook for HB 1142 is still unclear. The Senior Chair of that Committee, Rep. Julia Howard, has already said when it comes to the current incentives bill being extended in its' current form "what we have right now is not acceptable for the body".

"I am pleased that the bill was referred to Finance (Committee) but it is up to the Chairs of that Committee to place it on the agenda in order for the bill to continue to move forward," said Rep. Susi Hamilton (D)-New Hanover, one of the primary sponsors of that legislation. "I hope that the businesses and citizens that are supported by this clean industry will contact the House Finance Chairs and remind them that this program is not broken and does not need to be fixed. It's very concerning that offshore drilling and fracking are a priority for GOP leaders of the state, and 4,500 clean jobs for film and TV that are already here in North Carolina appear not to be."

Rep. Hamilton is a member of the Finance Committee, along with Rep. Ken Waddell (D-Columbus) and Rep. Ted Davis (R-New Hanover) who is also a primary sponsor of HB 1142. Rep. William Brawley (R-Mecklenberg), Rep. David Lewis (R-Harnett) & Rep. Mitchell Setzer (R-Catawba) are the other Co-Chairs of the Finance Committee.  The Committee is scheduled to meet every Tuesday, Wednesday and Thursday at 8:30am. 

Bill Drafted & Filed

Lawmakers from both sides of the aisle have sponsored a bill in the state House of Representatives to extend North Carolina's Film Incentive Tax Credit, which is set to expire at the end of this year.

Rep. Susi Hamilton (D-New Hanover) has support from Rep. Ted Davis (R-New Hanover) and Rep. Frank Iler (R-Brunswick County) as primary sponsors of HB 1142, called the "Modify Film/Historic Rehab Tax Credits" bill, filed in the state House on Tuesday.  The proposal eliminates the "sunset" in the current law, and also increases the amount a production company must spend to qualify for the credit from $250,000 to $300,000.

"It's time for Legislators to take a stand on the current success of North Carolina's film program," Rep. Hamilton said in a statement.  "It's not broken. It does not need to be fixed. This is not a partisan issue. Conservative Governors in South Carolina, Louisiana and Georgia are waiting for North Carolina to make poor choices that will send business their way. Most reasonable Legislators want to be remembered as supporters of clean industry like film, as opposed to those who insist on fracking and offshore drilling for our state's economic future. Which side will our current GOP leadership be on? We will know soon, once my bill is filed in the morning and referred to committee."

To read the new bill introduced by Rep. Hamilton, click here: http://bit.ly/1j5ExvN

What will happen to the new bill is uncertain. When the General Assembly reconvened last week, leading Republicans including Gov. Pat McCrory made it known that the current film incentives program would not likely be extended in its current form.  

Copyright 2014 WECT. All rights reserved

Powered by WorldNow