The potential bill aims to bring more Hollywood films to Colorado

DENVER (KDVR) — A new proposed bill could make Colorado a potential hotspot for filming movies and TV shows.

Proposed House Bill 24-1358 would make it easier for companies to get tax incentives from the state — making it more likely for filmmakers to use Colorado as a filming location.

The proposed draft law states the following:

The bill adds scheduled payments to lending companies as eligible local expenditures for the purpose of qualifying for the film incentive income tax credit, removes the requirement that the credit be available only in years in which the amount of state revenue exceeds the state’s fiscal year spending limit by at least $50 million, and extends the deadline. Final from February 4, 2025, to July 1, 2028, to submit a tax credit effectiveness study to the House and Senate Finance Committees. “

Proposed House Bill 24-1358

A rally was held outside the Colorado Capitol in support of this bill. The Screen Actors Guild — the American Federation of Television and Radio Artist Producers, the Colorado Film Commission and others in the industry — have called for the potential bill to pass.

A supporter of the proposed bill told FOX31 this would benefit the state’s economy.

“If it was a successful TV show, like Yellowstone itself, that wanted to film here but we lost it because we didn’t have tax incentives. If this goes on for seven or eight years, money and jobs will be funneled into our economy for Seven or eight years.”

The bill was introduced in early March and was advanced to a second committee on Thursday.

If this proposed bill is approved, it would make filming in the state cheaper and could make filming year after year a strong possibility.