What just happened in Carson City was as improbable as David defeating Goliath without a slingshot.

Late Wednesday night, the Nevada Senate voted down the Hollywood handouts contained in Assembly Bill 5. The legislation needed 11 votes to pass. It received only 10. Eight opposed it, and three senators had already left town. Talk about voting with your feet.

The proposal would have expanded Nevada’s transferable film tax credits from $10 million annually to $1.8 billion over 15 years. Transferable film tax credits are a de facto subsidy because they can be sold for cash instead of allowing recipients to simply reduce their tax bill.

The Howard Hughes Corp., Sony Pictures and Warner Bros. sought those subsidies for their proposed Summerlin Studios project. Proponents promised the giveaway

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