Film Tax Credit
I guess I missed something. What I understood was that the tax credit would apply to taxable income generated by the studios. But there would be no payouts from state coffers.
Said another way, the tax revenue effect is the same whether the studios are here or are not here. The advantage of having the studios is that the local economy would be stimulated, the state would receive sales tax from all of the new film and construction employees as they spend their wages in our city.
Enough of the government picking winners and losers. The Nevada Legislature has a horrible batting average in this game. Businesses that have actually paid taxes and created jobs pay full freight but we just waive that for companies that have yet to do a damn thing in Nevada? Explain how that is fair.
The tax credits were transferable to others – casinos, mining companies, etc. – There was no requirement that they apply to income generated by the studios. Allowing transferred credits lowered the tax obligation of other entities, resulting in a huge loss for the state. The experience of every other state which fell for this con is telling: it never benefits the state economy and only lines the pockets of the rich. There may have been a few temporary construction jobs, but nothing worth the boondoggle. The politicians who fell for this b.s. and voted in favor of it should be ashamed.
Can confirm that a former casino client used to purchase film tax credits from small, out-of-state production companies at a steep discount. Didn’t seem to be the legislative intent of granting such credits. I suspect current Nevada legislators are also monitoring what’s going on with production companies fleeing Georgia (aka “Hollywood South”) for cheaper labor in other countries.
Guest
Anonymous
November 20, 2025 10:27 am
Sorry but it is up to the District Attorney not Matthew Hoffman to decide who will be charged and why. Hoffman is beyond his skis here.
Agree. Not sure why a PI attorney is giving an opinion to a reporter on criminal charges. Battle Born doesn’t even do criminal law. No publicity is bad publicity, I guess.
I know to us, in this situation (if this is an ad sponsorship) it seems absurd. But it presents the lawyer as an authority while building top of mind name recognition, and for that reason is is not just good, not just great, but exceptional marketing. It doesn’t really matter if a PI guy is weighing in on something totally unrelated to their practice.
There might be some insurance coverage implications as to whether the dad is or is not charged, affecting recovery in a PI case, maybe? If so, a PI attorney would probably have working knowledge of the likelihood of charges being made. That’s just my guess. I don’t practice PI or criminal law.
He was right, though, and the DA’s announcement on not charging the stepdad sounds an awful lot like Hoffman’s explanation. Guess he knows what he’s talking about.
Guest
Anonymous
November 20, 2025 12:00 pm
The Tim Bedwell story is ugly. He was always trotted out as the whitest of white hats.
Only the Shadow knows what evil lurks in the heart of any man.
Guest
Anonymous
November 20, 2025 12:07 pm
Good luck to Frankie Citro. He consulted with me about 25 years ago on an unrelated matter.
Hasn’t he been banned long enough?
It is one thing to ban someone from gaming employment, but another from preventing them from even enjoying a meal or a show.
He is welcome to have a meal or enjoy a show at any non-gaming property in the State of Nevada.
Guest
Anonymous
November 20, 2025 12:36 pm
We had a case last year in which an attorney actively was involved in helping the client hide assets post-judgment. At what point does serving your client become aiding them in fraudulent transfers?
The other day someone was posting to the UNLV alumni listserv asking for a referral to help a client hide assets from a judgment, I couldn’t believe it. And then someone replied to the entire list gleefully saying they could do it.
What would be Boyd’s responsibility in this matter? It seems that soliciting advice on how to commit fraud should be reported to the bar or referred to the DA. What a great law school that must be.
Yes, it is a great law school, as is profoundly evident with the preeminent Class of ’13 (none of whom would have asked such a question in a public forum).
Depends exactly what they are doing. For example, converting non-exempt assets to exempt assets is not “helping a client hide assets.” For example, if I have 100,000 in an account and I use it pay down my house that is homesteaded, that is not fraudulent. The devil, as it always is, is in the details.
I’m on the Alumni list (not Boyd ’13 though, much earlier). The question, I believe, was that a client was going to prison and wanted to put assets in an asset protection trust in case they got sued in a potential civil case while incarcerated. Every single asset protection trust is done with the intent to protect assets in case the person is sued – that’s the reason for them. If Nevada didn’t want that to be an option, they should rescind NRS 166.
How about creating a Trust post-judgment into which the non-exempt properties are transferred and then aiding their client is transferring the non-exempt properties for fake consideration to the Judgment Debtor’s children?
Hiding Assets: I knew of client who once asked if he could deposit a large sum of money in an attorney trust account. It was apparent he was trying to use an attorney to hide assets. It was reused and never done. An attorney has to be extra careful with this kind of stuff. Not worth getting sued or worse.
Lawyers have to be careful advising folks on “asset protection” v. fraudulent transfers v. hiding assets. There are actually very few lawyers that advise on this stuff probably for a reason.
Film Tax Credit
I guess I missed something. What I understood was that the tax credit would apply to taxable income generated by the studios. But there would be no payouts from state coffers.
Said another way, the tax revenue effect is the same whether the studios are here or are not here. The advantage of having the studios is that the local economy would be stimulated, the state would receive sales tax from all of the new film and construction employees as they spend their wages in our city.
Enough of the government picking winners and losers. The Nevada Legislature has a horrible batting average in this game. Businesses that have actually paid taxes and created jobs pay full freight but we just waive that for companies that have yet to do a damn thing in Nevada? Explain how that is fair.
The tax credits were transferable to others – casinos, mining companies, etc. – There was no requirement that they apply to income generated by the studios. Allowing transferred credits lowered the tax obligation of other entities, resulting in a huge loss for the state. The experience of every other state which fell for this con is telling: it never benefits the state economy and only lines the pockets of the rich. There may have been a few temporary construction jobs, but nothing worth the boondoggle. The politicians who fell for this b.s. and voted in favor of it should be ashamed.
Can confirm that a former casino client used to purchase film tax credits from small, out-of-state production companies at a steep discount. Didn’t seem to be the legislative intent of granting such credits. I suspect current Nevada legislators are also monitoring what’s going on with production companies fleeing Georgia (aka “Hollywood South”) for cheaper labor in other countries.
Sorry but it is up to the District Attorney not Matthew Hoffman to decide who will be charged and why. Hoffman is beyond his skis here.
I don’t think you understand the context.
I am not 10:27 but I think 10:27 has it pretty right. This is not Hoffman’s area of practice or expertise.
Agree. Not sure why a PI attorney is giving an opinion to a reporter on criminal charges. Battle Born doesn’t even do criminal law. No publicity is bad publicity, I guess.
Some local TV stations have arrangements to use a particular firm for all legal commentary. I have no idea if that is the arrangement here.
Many times its an advertising arrangement that you can become their “go-to” lawyer.
I know to us, in this situation (if this is an ad sponsorship) it seems absurd. But it presents the lawyer as an authority while building top of mind name recognition, and for that reason is is not just good, not just great, but exceptional marketing. It doesn’t really matter if a PI guy is weighing in on something totally unrelated to their practice.
That is exactly what I thought–a chance to get on the news.
There might be some insurance coverage implications as to whether the dad is or is not charged, affecting recovery in a PI case, maybe? If so, a PI attorney would probably have working knowledge of the likelihood of charges being made. That’s just my guess. I don’t practice PI or criminal law.
He was right, though, and the DA’s announcement on not charging the stepdad sounds an awful lot like Hoffman’s explanation. Guess he knows what he’s talking about.
The Tim Bedwell story is ugly. He was always trotted out as the whitest of white hats.
Only the Shadow knows what evil lurks in the heart of any man.
Good luck to Frankie Citro. He consulted with me about 25 years ago on an unrelated matter.
Hasn’t he been banned long enough?
It is one thing to ban someone from gaming employment, but another from preventing them from even enjoying a meal or a show.
He is welcome to have a meal or enjoy a show at any non-gaming property in the State of Nevada.
We had a case last year in which an attorney actively was involved in helping the client hide assets post-judgment. At what point does serving your client become aiding them in fraudulent transfers?
https://www.reviewjournal.com/news/civil-courts/vegas-dave-says-he-doesnt-own-property-in-question-attorneys-call-it-a-con-game-3584312/?utm_campaign=widget&utm_medium=topnews&utm_source=homepage&utm_term=%E2%80%98Vegas%20Dave%E2%80%99%20says%20he%20doesn%E2%80%99t%20own%20property%20in%20question.%20Attorneys%20call%20it%20a%20%E2%80%98con%20game.%E2%80%99
The other day someone was posting to the UNLV alumni listserv asking for a referral to help a client hide assets from a judgment, I couldn’t believe it. And then someone replied to the entire list gleefully saying they could do it.
Classic! Go Boyd.
What would be Boyd’s responsibility in this matter? It seems that soliciting advice on how to commit fraud should be reported to the bar or referred to the DA. What a great law school that must be.
Yes, it is a great law school, as is profoundly evident with the preeminent Class of ’13 (none of whom would have asked such a question in a public forum).
True, it was a class of ’23 alum. ’13 is safe!
10 years late for greatness.
Depends exactly what they are doing. For example, converting non-exempt assets to exempt assets is not “helping a client hide assets.” For example, if I have 100,000 in an account and I use it pay down my house that is homesteaded, that is not fraudulent. The devil, as it always is, is in the details.
I’m on the Alumni list (not Boyd ’13 though, much earlier). The question, I believe, was that a client was going to prison and wanted to put assets in an asset protection trust in case they got sued in a potential civil case while incarcerated. Every single asset protection trust is done with the intent to protect assets in case the person is sued – that’s the reason for them. If Nevada didn’t want that to be an option, they should rescind NRS 166.
How about creating a Trust post-judgment into which the non-exempt properties are transferred and then aiding their client is transferring the non-exempt properties for fake consideration to the Judgment Debtor’s children?
Hiding Assets: I knew of client who once asked if he could deposit a large sum of money in an attorney trust account. It was apparent he was trying to use an attorney to hide assets. It was reused and never done. An attorney has to be extra careful with this kind of stuff. Not worth getting sued or worse.
Sound like fraudulent transfers to me.
Lawyers have to be careful advising folks on “asset protection” v. fraudulent transfers v. hiding assets. There are actually very few lawyers that advise on this stuff probably for a reason.
No, no, no. As a trust litigator, I fully approve of all the very solid legal analysis in this thread. Proceed! My kids tuition is expensive!
Cop commits insurance fraud. Story does not indicate if his buddy who filed the false police report got any sanctions.
https://www.reviewjournal.com/crime/courts/former-las-vegas-police-officer-gets-probation-in-insurance-fraud-scheme-3584362/?utm_campaign=widget&utm_medium=topnews&utm_source=local&utm_term=Former%20Las%20Vegas%20police%20officer%20gets%20probation%20in%20insurance%20fraud%20scheme