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re: Has the film industry completely left Louisiana since the cap?
Posted on 2/12/16 at 4:25 pm to 504ByrdGang
Posted on 2/12/16 at 4:25 pm to 504ByrdGang
Slow right now, but there are a lot of projects scheduled very soon.
1
Posted on 2/12/16 at 4:30 pm to Slingin Pickle
yes, there are quite a few nice film projects and tv slated to shoot here
Posted on 2/12/16 at 4:32 pm to undrafted
quote:
Which don't actually "cost" the state anything. It is a discount on taxes we would not have received otherwise.
Somewhat true. It's a transferable credit so the production company can sell the credits to a company or individual with a state tax burden.
Posted on 2/12/16 at 4:34 pm to Fonzarelli
quote:What low budget, amateur Louisiana films do you suggest?
Porn is still erect here
Posted on 2/12/16 at 4:37 pm to 504ByrdGang
Maybe if they made good stuff instead of shitty duck dynasty we'd have more movie money
Posted on 2/12/16 at 4:49 pm to TitleistProV1X
quote:
So you're saying the movie industry brings tourism or something else that another industry doesn't?
It certainly brings in more tourism but it also attracts younger entrepreneurs into the market place who are attracted by the glitz and glam they see on TV or the Movies that depict parts of Louisiana. You have a sort of Austinization taking place in New Orleans because of the movie industry. Technology companies and others see New Orleans as a dynamic city from the outsiders perspective. Now when they move here its a different story but it does attract new residents and capital.
Posted on 2/12/16 at 4:49 pm to Count Chocula
Count, you're smart guy.
I personally don't feel the State benefits enough from a transient, low-paying industry. If I'm gonna dish out tax credits (which I have used to my personal advantage for many years) I would like to see it go to industry that doesn't leave town every 15 minutes.
That $180M is real money.
I personally don't feel the State benefits enough from a transient, low-paying industry. If I'm gonna dish out tax credits (which I have used to my personal advantage for many years) I would like to see it go to industry that doesn't leave town every 15 minutes.
That $180M is real money.
Posted on 2/12/16 at 4:51 pm to Golfer
quote:
It's a transferable credit so the production company can sell the credits to a company or individual with a state tax burden.
Those tax credits don't go unused.
Posted on 2/12/16 at 5:07 pm to Count Chocula
quote:hmmmmmm
Industry brings in $2B in jobs, income, etc
Posted on 2/12/16 at 5:55 pm to ihometiger
a lot of the "Louisiana" companies that supply the industry are actually fronts for California folks.
I'm not necessarily against the tax credits of some kind, but what had been going on was pretty shady stuff.
I'm not necessarily against the tax credits of some kind, but what had been going on was pretty shady stuff.
Posted on 2/12/16 at 5:59 pm to 504ByrdGang
Posted on 2/12/16 at 6:22 pm to VetteGuy
What do you consider low paying ? Most people I know earn 80k to 120k in the industry in Louisiana
Posted on 2/12/16 at 6:24 pm to 504ByrdGang
Yes. And it moved next door to Mississippi.
Posted on 2/12/16 at 6:29 pm to JW
I would love to see the statistics there.
Posted on 2/12/16 at 6:45 pm to 504ByrdGang
Did they use all the cap this year? I thought I read somewhere where they didn't even get to the cap.
Posted on 2/12/16 at 6:49 pm to JW
Yeah it's the opposite of low paying. At least 3/4 of employees make over $20 with several making >$50. Plus they get a lot of overtime.
Posted on 2/12/16 at 6:58 pm to JW
TBH, I don't many. The few I've met don't make anywhere near that. They also seem to work sporadically, but they may be the exception, not the rule.
My main complaint is that the nanosecond they are told they may have less credits, they issue smarmy statements and leave the state. (Disney)
This is not an industry that will stay long term, obviously.
My main complaint is that the nanosecond they are told they may have less credits, they issue smarmy statements and leave the state. (Disney)
This is not an industry that will stay long term, obviously.
Posted on 2/12/16 at 11:39 pm to 504ByrdGang
I talked to a guy just yesterday that works in the film industry. He is in the process of moving to Louisiana because he said that there are about to be a lot of film jobs opening up here in the next few months. So sounds to me like the film industry hasn't left Louisiana. I asked him about the cap and he said the general thought within the industry is that it really won't effect productions or jobs in Louisiana too much. The state may lose just one major film a year but that is it.
Posted on 2/13/16 at 12:06 am to undrafted
quote:
Which don't actually "cost" the state anything. It is a discount on taxes we would not have received otherwise.
Oh really? These transferrable tax credits don't "cost" the state anything? You're standing by that load of BS?
How about this..
Let's say I owe $3k in state income taxes. Instead of paying $3k in state income taxes, you can give me $10 billion in transferrable tax credits and in exchange I'll pay the state $1 million dollars, instead of just $3k. That's right, not only will i still pay my tax liability, I will pay MORE.
So, it's a win for the state, right? The state gets more money from me, and according to you it was at no cost to the state.
This post was edited on 2/13/16 at 12:21 am
Posted on 2/13/16 at 12:12 am to 504ByrdGang
quote:
Has the film industry completely left Louisiana since the cap?
Hopefully. And good riddance.
The film subsidies had no significant ROI whatsoever and were a money pit. It was a stupid idea then and it still is a stupid idea now. They need to be eliminated.
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