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La. issued 251 million in tax credits in 2013.
Posted on 6/2/14 at 11:04 am
Posted on 6/2/14 at 11:04 am
quote:
Chris Stelly, executive director of Louisiana Entertainment, the state-run film office, said officials certified nearly $810 million in production company spending on 123 projects in 2013 and issued $251 million in tax credits.
The sky is the limit, Hollywood loves Louisiana.
quote:
"Now we represent about 14,000 jobs, up from roughly zero 10 years ago, and that's a pretty important thing for us to do," said Will French, president of the Louisiana Film and Entertainment Association.
I wonder how much it cost the state treasury to create these jobs?
The full article
LINK
4
Posted on 6/2/14 at 11:06 am to doubleb
I B Freeman's alarm is going apeshit right now
Posted on 6/2/14 at 11:11 am to doubleb
This is so far from the worst way the state spends our money. There are actually good outcomes to this expenditure.
Posted on 6/2/14 at 11:21 am to doubleb
You gotta love how people think that government wealth redistribution programs "create" jobs.
More like re-allocation of resources.
More like re-allocation of resources.
Posted on 6/2/14 at 8:48 pm to doubleb
quote:What is Hollywood's investment in Louisiana? How much property. plant and equipment has Hollywood invested in Louisiana? The 14,000 jobs attributable to the film industry are transient jobs that are dependent on one time projects. When the project is completed the job gone.
The sky is the limit, Hollywood loves Louisiana.
If these credits are such a great deal for Louisiana, then why doesn't Louisiana provide those tax credits to other industries that have to build plants in Louisiana like automobile manufacturing? Once they are here they have sunk costs to prevent them from leaving? Wouldn't that be a better use of the tax credits? Also, manufacturers' income would be sourced to Louisiana. They would have to use the credits themselves instead of selling them to the highest bidder.
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