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Get the Facts: Kentucky Senate Bill looks to establish a film office in the state

Get the Facts: Kentucky Senate Bill looks to establish a film office in the state
BILL AND HOW LAWMAKERS HOPE IT WILL DRIVE REVENUE. PEOPLE PACKED A COMMITTEE HEARING ROOM IN FRANKFORT ON THURSDAY, SUPPORTING SENATOR PHILIP WHEELER OF PIKEVILLE. HE맥스카지노™S SPONSORING SENATE BILL ONE. IT WOULD ESTABLISH A FILM OFFICE THAT WOULD BE A ONE STOP SHOP FOR PRODUCTION CREWS. THE GOAL OF THIS BILL IS TO SEE MORE OF KENTUCKY ON THE BIG SCREEN. AND THEY SAY THIS WILL DRIVE A LOT OF REVENUE FOR THE STATE. IT WOULD SERVE AS THE FIRST POINT OF CONTACT FOR PRODUCTION CREWS IN MARKET, KENTUCKY TO THE $300 BILLION GLOBAL FILM INDUSTRY. A DEDICATED FILM OFFICE WILL HELP US GET THE TYPE OF PRODUCTIONS NEEDED TO PROVIDE BOTH IMPORTANT JOBS AND ECONOMIC DEVELOPMENT INVESTMENT WITHIN THE COMMONWEALTH OF KENTUCKY. A UNIVERSITY OF LOUISVILLE STUDY FOUND THE KENTUCKY FILM INDUSTRY GENERATED AROUND $200 MILLION IN REVENUE IN 2022. BUT WHEELER SAYS A LOT OF MONEY IS BEING LEFT ON THE TABLE. THE PROPOSED KENTUCKY FILM OFFICE IN SENATE BILL ONE PROVIDES A STRUCTURE TO ATTRACT FILMMAKERS TO KENTUCKY AND TO PROVIDE A CENTRAL LOCATION TO FUNNEL THE ENERGY FROM OUR INDUSTRY LEADERS. MARY KAY POE, THE CEO OF UNBRIDLED FILMS, BASED IN LOUISVILLE, JOINED WHEELER ON THURSDAY. HER COMPANY IS A PARTNER IN THE LOUISVILLE GARDENS REDEVELOPMENT. LOUISVILLE맥스카지노™S FIRST EVER DEDICATED SOUNDSTAGE. SHE SAYS THE STATE HAS ALREADY LOST OUT ON FILMS AND MONEY THAT COULD BE FLOWING INTO THE COMMUNITY. WHEREVER THEY FILM, THEY맥스카지노™LL BE STAYING IN IN LOUISVILLE. SO WE STILL HAVE A LOT TO OFFER. HAVING THIS SORT OF UNIFIED VOICE THAT WOULD GO OUT THERE AND HELP MARKET OUR MOST GENEROUS FILM TAX INCENTIVE WOULD BE INCREDIBLY BENEFICIAL FOR ALL OF US. CURRENTLY, APPLICATIONS FOR THE STATE맥스카지노™S TAX INCENTIVES FOR FILM PRODUCTIONS GET HANDLED THROUGH THE CABINET FOR ECONOMIC DEVELOPMENT. GOVERNOR ANDY BESHEAR SAYS HE THINKS THE CABINET HAS BEEN DOING A GOOD JOB SO FAR, BUT HE맥스카지노™S REVIEWING THE BILL. VERY EXCITED ABOUT WHERE THE COMMONWEALTH CAN GO, BUT REMEMBERING WE맥스카지노™VE GOT TO KEEP THAT BALANCE TO MAKE SURE THAT THIS IS A NET POSITIVE FOR KENTUCKY. THE OFFICE WOULD BE FUNDED THROUGH APPLICATION FEES AND HOTEL AN
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Get the Facts: Kentucky Senate Bill looks to establish a film office in the state
A bill that would establish a film office in Kentucky is moving forward. On Thursday, the Senate Economic Development, Tourism, and Labor Committee voted "yes" on Senate Bill 1, which Sen. Phillip Wheeler, R-Pikeville, is sponsoring. SB1 would establish a centralized office as a one-stop shop for production crews worldwide looking to film in Kentucky. The office would serve as the first point of contact for productions, market Kentucky to the $300 billion global film industry, provide resources and support for productions filming in Kentucky, and more. Kentucky has one of the top five film incentive programs in the country, according to legislators. But Wheeler says the program is underperforming because not enough people know about it. "A dedicated film office will help us get the type of productions needed to provide both important jobs and economic development within the Commonwealth of Kentucky," said Wheeler. A UofL study found the Kentucky Film, Motion Picture, and Sound Recording Industry generated around $200 million in revenue in 2022. Wheeler says an office can help continue to grow revenue. "The proposed Kentucky Film Office and Senate Bill 1 provides a structure to attract filmmakers to Kentucky and to provide a central location to funnel the energy from our industry leaders," he said. Currently, applications for the film tax incentive go through the Kentucky Cabinet for Economic Development. On Thursday, Gov. Andy Beshear says he will review the bill. "I've had a quick read, and I don't necessarily have a problem with the structure of it," he said. "I just want to understand how it works because I think Economic Development has also been doing a very good job." Many supporters of SB 1 showed up for Thursday's committee hearing, such as Soozie Eastman, president and founder of 502 Film. "And specifically the Louisville area, we have a majority of crew and vendors, so having a unified voice that would go out there and market our most generous film tax incentive would be incredibly beneficial for all of us," she said. The bill now heads to the Senate floor for consideration.

A bill that would establish a film office in Kentucky is moving forward.

On Thursday, the Senate Economic Development, Tourism, and Labor Committee voted "yes" on Senate Bill 1, which Sen. Phillip Wheeler, R-Pikeville, is sponsoring.

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SB1 would establish a centralized office as a one-stop shop for production crews worldwide looking to film in Kentucky.

The office would serve as the first point of contact for productions, market Kentucky to the $300 billion global film industry, provide resources and support for productions filming in Kentucky, and more.

Kentucky has one of the top five film incentive programs in the country, according to legislators.

But Wheeler says the program is underperforming because not enough people know about it.

"A dedicated film office will help us get the type of productions needed to provide both important jobs and economic development within the Commonwealth of Kentucky," said Wheeler.

A UofL study found the Kentucky Film, Motion Picture, and Sound Recording Industry generated around $200 million in revenue in 2022.

Wheeler says an office can help continue to grow revenue.

"The proposed Kentucky Film Office and Senate Bill 1 provides a structure to attract filmmakers to Kentucky and to provide a central location to funnel the energy from our industry leaders," he said.

Currently, applications for the film tax incentive go through the Kentucky Cabinet for Economic Development.

On Thursday, Gov. Andy Beshear says he will review the bill.

"I've had a quick read, and I don't necessarily have a problem with the structure of it," he said. "I just want to understand how it works because I think Economic Development has also been doing a very good job."

Many supporters of SB 1 showed up for Thursday's committee hearing, such as Soozie Eastman, president and founder of 502 Film.

"And specifically the Louisville area, we have a majority of crew and vendors, so having a unified voice that would go out there and market our most generous film tax incentive would be incredibly beneficial for all of us," she said.

The bill now heads to the Senate floor for consideration.