Overview
- The bill failed in the Senate by one vote, 10–8 with three absent, ending the special-session push and handing Gov. Joe Lombardo a setback.
- AB 5 sought up to $120 million a year in transferable credits for 15 years starting in 2029, including $95 million tied to a proposed Summerlin Studios campus and $25 million for projects elsewhere.
- Legislative fiscal staff projected the program would leave the budget about $100 million short in FY2030 and $260 million in FY2031, with critics noting transferable credits often yield weak returns.
- Backers included Lombardo, construction trade unions, and Howard Hughes Holdings with Sony Pictures and Warner Bros., while opponents ranged from progressive groups and AFSCME Local 4041 to fiscal conservatives.
- The measure narrowly cleared the Assembly 22–20 after remote votes and late amendments adding limited pre-K and retiree health funding, as supporters touted roughly 19,000 construction jobs and about 18,000 permanent jobs.