I have spent considerable time studying various state film tax programs. Since joining The Lincy Institute at UNLV, I have continued that research. And the more I learn, the more I realize such programs do not pencil out. The Wall Street Journal affirmed this last week when it reported the Hollywood entertainment industry is in a “downward spiral.” It is so severe that last year’s industry slogan of “Survive, ’til 25” has shifted to “Exist ’til 26.”

Gov. Joe Lombardo recently called for a special legislative session during which lawmakers might revisit a measure such as Assembly Bill 238 from the 2025 session. That proposal authorized up to $1.5 billion in transferable film tax credits against the financially strained state general fund. Supporters, after failing to pass the legislation l

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