Gov. Jindal announces plan to scale back the motion picture tax credit program.
Return to Board  •  Menu  •  Bottom  Page 1 of 2  
Message
Gov. Jindal announces plan to scale back the motion picture tax credit program.
Posted by Dumplin on 3/17 at 12:00 am
LINK

I have no idea what this is meant to accomplish. Discuss.



Reply  •  Back to Top
Posted by CarrolltonTiger on 3/17 at 12:04 am to Dumplin
Looks like the Louisiana film industry is beginning a lobby campaign to keep the lucrative tax credits.


Reply  •  Back to Top
Posted by shutterspeed on 3/17 at 12:08 am to Dumplin
It's a good idea and deals with some of the issues that I B Freeman has presented on here. Most of the above-the-line money does little to filter back into the economy and serves only to line the pockets of a few individuals.

This post was edited on 3/17 at 12:12 am

Reply  •  Back to Top
Posted by Cosmo on 3/17 at 12:11 am to Dumplin
quote:

I have no idea what this is meant to accomplish


cutting our budget so we don't run a deficit

novel concept, i know



Reply  •  Back to Top
Posted by Dumplin on 3/17 at 12:22 am to Cosmo
quote:

cutting our budget so we don't run a deficit

How does a salary cap help cut our budget? It doesn't decrease tax credits, and it limits a private entity's ability to hire. Plus, the growth of film in Louisiana has been credited with a good bit of prosperity in the state. I'm not sure how jeopardizing that is going to help the state budget if it leads to reduced tax revenue.



Reply  •  Back to Top
Posted by Draconian Sanctions on 3/17 at 12:26 am to shutterspeed
quote:

Most of the above-the-line money does little to filter back into the economy and serves only to line the pockets of a few individuals.


Welcome to the United States



Reply  •  Back to Top
Posted by shutterspeed on 3/17 at 12:32 am to Dumplin
quote:

How does a salary cap help cut our budget?


Because revenue won't be wasted on line items with no financial return to the state.

quote:

it limits a private entity's ability to hire.


Production companies can still hire whomever they want. They just won't be reimbursed for hiring out-of-state talent or subsidizing premium salaries.





Reply  •  Back to Top
Posted by Dumplin on 3/17 at 12:37 am to shutterspeed
quote:

Production companies can still hire whomever they want.

But wouldn't imposing a limit on salaries in essence limit your ability to attract talent to the production? I am not familiar with the industry, but, assuming million dolar salaries are fairly common, a salary cap would eliminate a large pool of potential hires who will seek better compensation elsewhere.



Reply  •  Back to Top
Posted by shutterspeed on 3/17 at 12:43 am to Dumplin
quote:

But wouldn't imposing a limit on salaries in essence limit your ability to attract talent to the production? I am not familiar with the industry, but, assuming million dolar salaries are fairly common, a salary cap would eliminate a large pool of potential hires who will seek better compensation elsewhere.


The kind of talent we're talking about are usually attached to a project before budgets and locations are even finalized. Many states already include salary caps. And the ones that don't probably will after they hemmorhage enough money.



Reply  •  Back to Top
Posted by cosmicdingo on 3/17 at 12:56 am to shutterspeed
So how many movies will this cost the state?And what are the chances of it passing?


Reply  •  Back to Top
Posted by shutterspeed on 3/17 at 1:24 am to cosmicdingo
Who knows? LA should just concentrate on keeping their below-the-line tax incentives as sweet as possible. Puerto Rico implemented a 40%(!) tax credit program last July with no wage cap. I haven't heard about it damaging LA's film infrastructure yet.


Reply  •  Back to Top
Posted by Lsut81 on 3/17 at 6:51 am to Dumplin
quote:

I have no idea what this is meant to accomplish. Discuss.



Just spitballing here, but I'd imagine, save money


Doesn't the state actually end up paying the film companies due to how large the tax breaks are???



Reply  •  Back to Top
Posted by Dumplin on 3/17 at 11:12 am to Lsut81
quote:

Doesn't the state actually end up paying the film companies due to how large the tax breaks are???

You would have to take it in context. If the state ends up making up the cost by an increase in tax revenue due to the jobs supported by the film industry then it is a net gain. I would suppose the increased visibility of the state in film would contribute to increased tourism revenue as well. It seems there is a lot to be considered besides just the up front cost of incentivizing a production.



Reply  •  Back to Top
Posted by los angeles tiger on 3/17 at 12:33 pm to Dumplin
Good. The industry is heavily liberal and they always voted for more taxes in California yet they are now doing very little production in this state. They are all for taxes for everyone else but not for themselves to pay.


Reply  •  Back to Top
Posted by cosmicdingo on 3/17 at 1:30 pm to los angeles tiger
By all means, let's kill the one emerging industry the state has.Dumbasses.


Reply  •  Back to Top
Posted by JabarkusRussell on 3/17 at 1:34 pm to Dumplin
quote:

. I would suppose the increased visibility of the state in film would contribute to increased tourism revenue as well


The vast majority of people have no idea these films were filmed in LA.



Reply  •  Back to Top
Posted by I B Freeman on 3/17 at 2:36 pm to JabarkusRussell
It is corporate welfare pure and simple. I thought this one million cap was already in place but think of this way--without a cap if Lindsay Lohan makes a film in Louisiana and is paid $3 million then taxpayers will pay $900,000 of her salary (30%).

THESE FILM TAX CREDITS ARE NOTHING BUT TAXPAYER GIVEAWAYS--we get little return and the only people that say we do get a return are people in the industry and the only proof they cite are industry paid for (or paid by the state under political pressure) for studies.

It doesn't take a rocket scientist to see how stupid this program is for Louisiana. I feel embarrassed by the gullible who fall for the "economic impact pays the expense" talk.


This post was edited on 3/17 at 2:38 pm

Reply  •  Back to Top
Posted by shutterspeed on 3/17 at 2:41 pm to I B Freeman
LINK

quote:

While some argue that film incentives ultimately do not pay off for states, the success in Greenwood shows that local economies can prosper. Greenwood hotels, restaurants, antique stores, construction workers, actors and others benefited directly from the filming of "The Help." The city reaped about $13 million from the production.




Reply  •  Back to Top
Posted by los angeles tiger on 3/17 at 2:50 pm to cosmicdingo
quote:

By all means, let's kill the one emerging industry the state has.Dumbasses.



Did you say this to Obama and libs regarding the oil industry that is taxed out the ying-yang in this country? Did you go after him for the moratorium following the BP spill? A helluva lot of damage to Louisiana that supports a lot more people with jobs that last more than a few months.


This post was edited on 3/17 at 2:53 pm

Reply  •  Back to Top
Posted by I B Freeman on 3/17 at 2:53 pm to shutterspeed
quote:

The city reaped about $13 million from the production.


Shutterspeed what do you think that means?

Do you think it means $13 million was put into the city budget from the film?

Do you think it means $13 million was spent in the city? is so how much of that was profit that people actually kept? how much was salaries for out of state people? how much of it continued the month after "The Help" quit filming?

I am just curious what you think.



Reply  •  Back to Top  •  Refresh
Return to Board
Jump to Page   

           Page 1 of 2           

 

 Message Boards
 Tiger Rant
 Recruiting Board
 SEC Rant
 Saints Talk
 Pelicans Talk
 More Sports Board
 Soccer Board
 O-T Lounge
 Tech Board
 Outdoor Board
 Movie/TV Board
 Music Board
 Political Talk
 Money Talk
 Fark Board
 Gaming Board
 Fantasy Sports
 Food and Drink Board
 Ticket Exchange
 Help Board
 

 News
 LSU
 More Sports
 Sports Lite
 

 Other Options
 >> Search
 

 SECRant.com Links
 SEC Rant
 SEC Recruiting
 SEC Tickets
 Off-Topic Board
 

 Geaux.com Dining Guide
 New Orleans
 Baton Rouge
 

 Site Features (Full Version)
 Home Page
 LSU Football Schedule
 Pick'em Home Page
 
Back to top
Sign In 
View in: Desktop
Copyright ©2014 TigerDroppings.com.