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After more than four decades of calling Utah and Park City home, the Sundance Film Festival is leaving in 2027.

The Sundance Film Institute announced on Thursday that festival organizers have decided to move to Boulder. The Colorado Senate gave preliminary approval Thursday to a bill that would offer the film festival up to $34 million in tax credits over 10 years. The House already approved the bill, and the Senate will need to vote on it again before it goes to Gov. Jared Polis� desk for a signature.