House Bill 171 passes first reading in NC House

HB171 (which is a duplicate of SB 193), both of which were filed March 5th, passed it’s first reading yesterday in the House. This would put $66 million in recurring funds for the 2015-2016 fiscal year and would would become effective July 1, 2015. The funds are reserved for a production on which the production company has qualifying expenses of at least the following:   For a feature-length film would thankfully drop to $1,000,000).  For a video or television series, it would go up from $250,000 to $1,000,000 per episode.  I will keep you posted!

SEE FILED SB193 NOW

SEE FILED HB 171 NOW

 

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