FILM AND ENTERTAINMENT GRANT LEGISLATION
In August 2014, the North Carolina Film and Entertainment Grant was established by Senate Bill 744. Originally a $10M allocation, the grant provides a rebate for productions of up to 25% of their in-state qualifies spending.
In September 2015, the film and entertainment grant saw some slight changes via House Bill 97, which also included raising the per fiscal year allocation of funds to $30 million.
As part of the state's latest biennium budget, Senate Bill 257 from Session Law 2017-57, $15M in recurring funds was added to the remaining $19M from in unused funds from the previous fiscal year to make $34M available for the 2017-18 fiscal year and an additional $31M -- which are now designated as recurring -- available for the 2018-19 fiscal year. Additionally, as part of a technical corrections bill--Senate Bill 582 from Session Law 2017-212--that was passed by the Legislature and signed by the Governor in October 2017, the sunset date on the program has been eliminated.