SOUTHPORT, NC (WECT) – A bill filed in the state House is
creating a lot of concern for town leaders in Southport.
HB 994, co-sponsored by Rep. Rick Catlin (R-New Hanover) and
Rep. Chris Millis (R-Pender), Rep. Paul Stam (R-Wake) and Rep. Paul Luebke
(D-Durham), seeks to make the film production credit non-refundable.
Film productions would no longer receive a refund from the
state for any income tax credit. Under the proposed bill, the production would
instead be entitled to carry the surplus credit forward for the next five
years, to use against any future tax liability.
One of our area's most popular spots for filming is the city
City leaders say if this bill passes, it would have
extremely negative impacts.
Councilman Buddy Barnes expressed his concern.