Film industry community zones; local designation.

Plain English Breakdown

The bill text does not provide specific details on what types of regulatory flexibilities are allowed.

Film Industry Community Zones

This bill allows local governments to create special zones for the film industry that offer benefits like tax breaks and fee reductions.

What This Bill Does

• Allows localities to establish one or more zones in a locality designated as a 'film industry community'.
• Permits localities to give businesses in these zones lower fees or taxes.
• Lets local governing bodies enter into agreements for the payment of economic development incentive grants to such businesses.
• Gives local governments the power to offer regulatory flexibility and incentives to businesses in these zones.

Who It Names or Affects

• Local governments that want to create film industry community zones.
• Film industry businesses looking to locate within designated zones.
• Related businesses serving the needs of the film industry.

Terms To Know

film industry community zone

A special area in a locality where the film industry is encouraged and supported, often with tax breaks or other benefits.

economic development incentive grants

Money given by local governments to businesses to help them grow and create jobs.

Limits and Unknowns

• The bill does not specify how many zones a locality can establish.
• It is unclear what specific benefits or incentives will be offered in each zone.

Official Summary Text

Local film industry community zones.
Allows localities to establish, by ordinance, one or more zones in a film industry community, defined in the bill as a zone designated by a locality to promote a significant film industry presence and where such presence drives, or has the potential to drive, significant economic activity. The bill provides that a locality, or another political subdivision acting on behalf of the locality, may offer unique benefits to film industry businesses, along with related businesses that serve the needs of the film industry, looking to locate within a film industry community zone, including the reduction of certain fees and taxes. In addition, the bill provides that local governing bodies are authorized to enter into agreements for the payment of economic development incentive grants to such businesses. The bill also allows a governing body to provide for certain regulatory flexibility and incentives and provides that the establishment of a film industry community zone does not preclude a filmmaker from participating in the Governor's Motion Picture Opportunity Fund and the motion picture production tax credit.

Current Bill Text

HB 272

SUBCOMMITTEE

1. Line 29, introduced, after
tax.

strike

the remainder of line 29 and all of lines 30 through 33