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Archive for July, 2014

3:45 p.m. update: House approves amendment to extend film incentives

Thursday, July 31st, 2014

State Rep. Ted Davis, R-New Hanover, to offered up the amendment on the House floor this afternoon

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Castle Street market faces city red tape

Thursday, July 31st, 2014

A food vendor who planned to come to the market applied for a permit, which put the seasonal event on the city’s radar.

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Authorities arrest two suspects wanted for 2010 murder in Bladen Co.

Thursday, July 31st, 2014

Bladen County Sheriff's Office announced the arrests of two suspects wanted in connection to a murder that happened in 2010.

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Proposed amendment attempts to save film incentive

Thursday, July 31st, 2014

WILMINGTON, NC (WWAY)—Rep. Ted Davis introduced an amendment on the NC House floor that would keep film incentives closer to what they are currently, at least for the next year.

The proposal on the table was a grant based program that would cap incentives at $10 million. Davis’s amendment would raise that cap to $40 million and instead of a grant would be instituted as a tax credit.

Davis was brought to tears on the house floor saying he’s never worked as hard on an issue as he has the one of film incentives.

His amendment would reduce the current film incentive tax credit from 25% to 22.5%.

It would also require a, “Made in North Carolina,” logo be attached to the end of any movie or production using the credit.

Stay with WWAY for more on this developing story.

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More: continued here

Amenendment to try and save film incentives passes house

Thursday, July 31st, 2014

WILMINGTON, NC (WWAY) — The NC House passed an amendment attempting to save film incentives for at least 1 more year.

Rep. Ted Davis (R-New Hanover County) introduced the amendment on the NC House floor this afternoon that would keep film incentives closer to what they are currently at least for the next year.

The proposal included in the proposed state budget is a grant-based program that would cap incentives at $10 million. Davis’s amendment would raise that cap to $40 million, and instead of a grant would be instituted as a tax credit.

Davis was brought to tears on the House floor saying he’s never worked as hard on an issue as he has the one of film incentives.

His amendment would reduce the current film incentive tax credit from 25 percent to 22.5 percent. It would also require a “Made in North Carolina” logo be attached to the end of any movie or production using the credit.

Stay with WWAY for more on this developing story.

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More: continued here

 

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