Assembly Bill 5 establishes the Nevada Studio Infrastructure Jobs and Workforce Training Act, a major tax-incentive package intended to build a long-term film and media production industry in Nevada. At its core, AB 5 offers large, transferable tax credits to a private developer in exchange for a promised $400 million capital investment in a studio campus and entertainment district. The bill also creates a new fund to support workforce training in film, media, and related technology.

While the proposal aims to diversify Nevada’s economy, AB 5 raises significant concerns

• Stewardship & the Common Good
The bill carries an estimated net cost of more than $1.2 billion, according to the Nevada State Education Association. That level of revenue loss threatens the state’s ability to meet basic obligations—especially fully funding Nevada’s already under-resourced public schools. ELCA Social Statement on Sufficient Sustainable Livelihood for All calls us to steward public resources responsibly so that the needs of children, families, and the vulnerable are met before subsidizing private industry.

• Equity & Economic Justice
Earlier drafts included accountability provisions—such as reducing tax credits if studios failed to hire from under-represented groups or did not demonstrate diverse leadership. Those requirements were weakened in amendments, reducing clear pathways to equity and inclusion.

• Transparency & Accountability
The bill relies heavily on the promise that private developers will deliver long-term investment and job creation. But if investment benchmarks aren’t met, the state risks losing substantial tax revenue without receiving the projected benefits. Public investments should have strong accountability measures to ensure that Nevadans—especially workers and students—are not left bearing the cost.

• Moral Priorities
During a time of heightened need around housing affordability, food insecurity, public education, and healthcare, AB 5 directs enormous public resources toward subsidizing a single industry. Lutheran ethics calls us to evaluate public policy based on how it serves those most vulnerable, and whether it advances the flourishing of the whole community.