Peterson along with Sen. Wiley Nickel (D-Wake) and Sen. Paul Lowe (D-Forsyth) have co-sponsored SB57, to reenact the film tax credit to the conditions prior to it being repealed by the General Assembly. The incentive helped North Carolina land major film productions including Iron Man 3 and The Hunger Games prior to it ending in 2014. GOP leaders in Raleigh replaced the tax credit with a film incentive grant program, which is currently in place.