Sooo, right after Gov Pat McCrory announced his proposed budget which would only allocate $10 million in funding for our North Carolina Film Industry for each year over the next two fiscal years (effective July 1, 2015), I asked, “What will the NCGA do about it?”
SB 193, sponsored by Michael Lee and Bill Rabon was filed today. Yep, you heard me right, THE SENATE! It would put $66 million in “recurring funds for the 2015-2016 fiscal year for use consistent with the purposes of that Fund. This act would become effective July 1, 2015, and applies to grants made on or after that date.”
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. This bill also provides for Commerce to enter into multi-year contracts. Take a gander and see what you think! SEE FILED SB193 NOW
OH BUT WAIT THERE IS MORE!
Meanwhile back at the House Representatives Ted Davis along with Lewis, Saine, and Iler filed a bill of their own for film HB171!!! Wait, strike that, both House and Senate filed the same bill! YES! Every damn word is the same!
Hold on, am I dreaming? Both the House and the Senate both agree on something? SEE FILED HB171 NOW
More details to come.