Peterson files bill to reinstate film tax credit program

WILMINGTON, NC (WWAY) — Could the local film industry get a big boost from lawmakers?

Sen. Harper Peterson (D-New Hanover) has sponsored a bill in the General Assembly to reboot the state’s film tax credit program.

The tax credit expired five years ago and offered 25-percent back on qualifying productions. In 2015, under Gov. Pat McCrory, the state switched to a grant program.

Peterson calls this program “limited” and says it can’t keep up with the booming industry. He says the tax credit program will help bring the state millions of dollars in revenue and lots of jobs.

“People want to come here and film,” Sen. Peterson said. “We created a great, positive, friendly, southern hospitality culture, and they want to come back. The only thing stopping them is the legislation and the signal. A clear, positive signal from our legislature. I know that the Governor is on board, and that he will go to bat for this. We just need the legislature to step up.”

Peterson says that this bill will probably not pass this year, but hopes to get both parties on board and most importantly open the door for discussion.

Categories: Local, New Hanover, News

Leave a Reply

Your email address will not be published. Required fields are marked *