Several people in public comment opposed the measure.

There are multiple bills in the Nevada State Legislature looking to bring two movie studios to southern Nevada.

The move would be in partnership with Sony Pictures, Warner Brothers, and Howard Hughes, and be known as Summerlin Studios.

The bill we've reported on in the past is still alive, Assembly Bill 238, and it had its first real hearing since the end of February.

Last month, it was moved out of the Assembly of Revenue without recommendation.

On Friday, it was heard in the Assembly Committee on Ways and Means.

"This is an industry that generates billions of dollars nationwide and with a favorable climate, strategic location and talented workforce," said Daniele Monroe-Moreno, (D) Speaker Pro Tempore and co-sponsor of the bill. "Nevada is prime to capture a fair share of this market."

However, this bill is primarily centered around the use of transferable tax credits.

Those corporations wouldn't qualify for those until the studios are built and production is wrapped on at least a movie or a show.

That is expected to happen in 2028, and there must be at least $400 million spent on construction by June 30 of that year.

Bill sponsors say that construction on the studios will be privately funded.

While it looks to be no harm to the state in the first couple of years, many spoke out in opposition during the hearing about the concerns of the long-term implications.

"We opposed it based on principle that the market should be one that picks winners and losers," said Maurice Washington, Americans for Prosperity. "That the government should not subsidize any specific industry for transferable tax credits."

"We say schools over studios because that's the script that should be written," said Alexander Marks, Nevada State Education Association. 

"We oppose AB 238 to extend the $1.6 billion in tax giveaway to Hollywood studios," said Brian Wallace, Nevada State Education Association.

That $1.6 billion from tax credits will span over the next 15 years.

The expected tax revenue for the state and local governments are expected to come out to about $755 million during that time span.

Once the studio is stabilized, the expected annual economic impact is about $3 billion.

The bill is estimating to bring about 19,000 construction jobs and about 18,000 permanent ones once it's finished.

The impacts to the state's budget won't be felt until 2028.

That raised some questions with lawmakers when that time does come around.

"Let's say we get another economic forum with a similar outlook that we had just last week." said Natha Anderson, (D) Assistant Majority Whip, during the meeting. "Is this date set in stone?" 

However, like most bills in the early stages, there's a lot of work that needs to be done.

"We are still working on a conceptual amendment to further put guard rails into the bill," said Sandra Jauregui, (D) Assembly Majority Leader and the other co-sponsor of the bill. "We do not have it finalized yet. It is something we are drafting that will address three key points that we have heard from colleagues in the assembly."

No decision was made in the hearing, but the bill does await a work session date that will decide if it moves out of committee.