Archive for category Louisiana

Letters: Much-needed for Louisiana still going to film industry

Louisiana can’t seem to balance the budget, but we’re still giving away millions in tax dollars to Hollywood. According to a news report, one company is claiming to be spending $9 million in expenses, and $5 million of that is in payroll for 300 in-state production jobs. Considering they’re only filming until August, that means […]

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Local film industry workers feel abandoned by lawmakers as work dwindles

Written by: Rob Masson, Reporter NEW ORLEANS (WVUE) – People in the Louisiana film industry say work has dwindled to a fraction of what it used to be. New limits on the production tax credit have created uncertainty, which they say is driving away producers and many of their industry friends. Stephen LeBlanc is a […]

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Louisiana’s film industry isn’t dead, but filmmakers have taken a significant hit in the year since lawmakers capped tax credits

Craft workers, creatives and executives working in Louisiana’s film industry are starting to reconsider whether they have a future in the Bayou State. As Business Report details in a cover story from its current issue, spending on films in Louisiana cratered after state legislators place new limits on the incentive packages that helped turn the state into […]

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La. senators question value of film tax credits during the budget crisis

By Kevin Frey BATON ROUGE, LA (WAFB) – The state’s budget crisis has some Louisiana lawmakers questioning whether film tax credits are a worthwhile investment. Leaders from the Louisiana Economic Development organization told the Senate Revenue and Fiscal Affairs Committee Monday that the state gets back about 23 cents for every dollar invested in the tax incentive […]

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The fate of Louisiana’s film industry

The Louisiana film industry is transforming, but the end is not near. In the big picture, the legislative session ended with a vote to cap the Motion Picture Investor Tax Credit at $180 million last July. It’s caused uncertainty for the future of films in Louisiana. Previously, there was no limit to what many call […]

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The fate of Lousiana’s film industry

Tiana Kennell The Louisiana film industry is in a transformation state, but the end is not near. In the big picture, the legislative session ended with a vote to cap the Motion Picture Investor Tax Credit at $180 million last July. It’s caused uncertainty for the future of films in Louisiana. Previously, a limit didn’t exist to what […]

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Some see work in film industry disappear after changes to state’s tax credit program

By Jennifer Crockett NEW ORLEANS —Significant changes to Louisiana’s Motion Picture Investor Tax Credit Program were signed into law this summer, including the way credits are issued, transferred and warranted. Just three months later, movie makers in New Orleans tell WDSU they can’t get work because production in New Orleans has vanished. “It’s gone,” said scenic […]

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Jindal OK’s $24.5B budget, rejects calls to veto bill capping film tax credits

Gov. Bobby Jindal signed Louisiana’s $24.5 billion budget bill for the coming fiscal year this afternoon, including the accompanying tax revenue measures to fund it, including a cap on the film tax credit program that critics say could kill the industry in the state. As The News Star reports, the group of bills that raised $750 million […]

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Film industry set to sue the state over tax cap

Written by: Ryan Naquin, Reporter NEW ORLEANS (WVUE) – A showdown between the film industry and its former ally is possibly heading to the court system. The threat to file suit started when state lawmakers put a $180 million cap on movie tax credits to balance the $1.6 billion deficit lawmakers faced for this year’s […]

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$180 million cap on film tax credits may kill Hollywood South, Morrell says

By Kevin Litten, NOLA.com | The Times-Picayune The Louisiana legislature on Thursday passed a $180 million annual cap on film tax credits that opponents fear will kill the state’s newly minted status as “Hollywood South.” The cap passed Thursday on incentives for film production in the state have been the subject of intense discussions for the past several weeks. Supporters have touted limits on […]

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