House committee OKs film incentives bill

DENVER – A bipartisan bill to that would increase Colorado’s film incentives while requiring film companies to employ more residents cleared the state House Appropriations Committee.

The measure, sponsored by House Minority Leader Mark Ferrandino, D-Denver, and Rep. Tom Massey, R-Poncha Springs, passed the committee Thursday by a vote of 10 to 3.

The bill would increase incentives from 10 to 20 percent of the total amount of a production company’s qualified local expenditures. It also requires Colorado production companies receiving incentives to employ at least 50 percent Colorado residents, up from the current 25 percent requirement.

“Encouraging more film production in Colorado brings good jobs, good paychecks and notoriety to Colorado for our state’s natural beauty,” Rep. Ferrandino said. “This morning’s decision to fund our film incentives program is a great example of Democrats and Republicans working together to keep Colorado’s economy going and get more Coloradans back to work.”

In addition, the bill would shift $3 million from the general fund to the state Office of Film, Television and Media.


Comments

Leave a Reply

Connect with:

Your email address will not be published.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

author email

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Advertising

Social Network

 
Facebook Icon
Twitter Icon
LinkedIn Icon