NC House drops NCFilm Grant to $40M

A few hours ago, I got word that the initial proposal for $60M for the film grant has dropped to $40M in the latest version of the state’s two-year budget.   This is what we anticipated. What I can tell you is that it could have been worse.  Our concern at this point is what the Senate will do.  They are a much tougher sell, than the House, just like last session.  Best case scenario, they leave it alone and we get a $40M grant for a two year period.  But from what I am hearing, that is unlikely.  Still, I am hoping for the best. However, even with $40M the money won’t be enough for us to be as productive as we were in 2014, but it will put a lot of our crew members back to work.

SEE THE LATEST DRAFT NOW

 

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NC FILM UPDATE: House Budget to be released.

NCFILM UPDATE:
According to Representative Chuck McGrady, a complete draft budget will go on-line at some point today. Then…

“When the budget is approved by the full Appropriations Committee, most likely on Tuesday, a new version of the budget will be available on-line. It will be that version that the House is expected to take up on Wednesday and Thursday (and hopefully not Friday).”  SEE MORE NOW

Then it’s off to the Senate.

I don’t know if we will get the $60+ million that was in the original bill from the House and Senate. We will see what the House comes up with. A few folks are also saying the Senate won’t be as tough on film as they were last session. Hopefully we will see some good numbers so we can get our crew back from other states, from unemployment and generate some cash-flow into our small businesses.

I’ll keep you posted!

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

 

BREAKING: BOTH NC House AND Senate file bills for NC Film!

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?”

WELLLLLL…

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.

 

What can NC attract with the $10 Million Film Grant?

If the gavel goes down on the short session without including the film incentives, and we are 100% stuck with the $10 million Grant, our friend Jeff Hidek from the Star News put out a great visual. Remember I said IF. Even though things look quite grim, the short session is not over.  However, if some productions can bypass all the hoops to jump through and can wait until January 1st to apply for the grant, this is what we can expect to attract. And of course we could only land a handful because the money would go fast. That being said, very well done, Jeff. READ ARTICLE NOW in regards to this illustration.

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