re: Spending on film tax credits would pay tuition at LSU for 70,000 students (Posted on 4/28/13 at 10:43 am to kingbob)
quote: remember, with out the tax credits, tax they are crediting would be zero. And, news flash, they're still paying tax and spending a lot of money on local businesses that are paying taxes. I still hope that a workable solution to abolish the state income tax can be formulated. That way, the tax credit issue will be null and void.
You are correct about abolishing the income tax.
It would be a MAJOR improvement for taxpayers if the film industry's impact on tax collections were zero. Today it is minus $250 million---far more than the budget shortfall that caused health services and higher ed to be cut.