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re: Louisiana Film Tax Credit: Good or Bad?
Posted on 1/22/14 at 1:54 pm to LSURussian
Posted on 1/22/14 at 1:54 pm to LSURussian
quote:
Legislators can stop or amend the credits anytime they want to do so, with some grandfathering in place for productions already under way.
If they tried to do that we'd see a litany of people whining before some legislative committee about how the entire industry would crumble without the tax breaks.
There is no doubt tax breaks create economic activity, but like the poster above indicated; picking winners and losers should not be the business of government.
If tax breaks bring economic activity tot he state then why not cut taxes across the board? Why just cut taxes for a targeted group?
I know, we beat this dog to death, and it isn't going to change anything. The tax break for the film industry will be here forever.
Posted on 1/22/14 at 2:03 pm to doubleb
quote:I don't think so. At least not to the extent we've seen it since its inception.
The tax break for the film industry will be here forever.
Too many states have jumped on the bandwagon of giving tax credits for media productions and it's getting to a definite point of diminishing returns, IMO.
Posted on 1/22/14 at 9:06 pm to doubleb
quote:It would crumble with the quickness.
If they tried to do that we'd see a litany of people whining before some legislative committee about how the entire industry would crumble without the tax breaks.
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