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Started By
Message
California to quadruple movie tax credits to $400 million/year
Posted on 8/16/14 at 12:13 pm
Posted on 8/16/14 at 12:13 pm
LINK
It seems Louisiana and other states have been too successful taking movie productions away from California using tax credits as an incentive.
It seems Louisiana and other states have been too successful taking movie productions away from California using tax credits as an incentive.
13
Posted on 8/16/14 at 12:14 pm to LSURussian
quote:
tax credits
Not an honest appellation.
Posted on 8/16/14 at 12:16 pm to LSURussian
Where's IB at? 
Posted on 8/16/14 at 12:16 pm to LSURussian
cali is scared of swampwoods take over
Posted on 8/16/14 at 12:17 pm to LSURussian
Cali strong, Louisiana sad
Celtic leaving BR announcement soon to follow
Celtic leaving BR announcement soon to follow
Posted on 8/16/14 at 12:22 pm to LSURussian
That's the thing about corporate subsidies, it becomes a race to the bottom to see who's the most desparate.
Posted on 8/16/14 at 12:25 pm to LSURussian
So a bankrupt state is going to give more tax breaks just to keep movies from being filmed elsewhere? Just dumb. Especially if you bbelieve the idiots who thinks it serves no purpose in Louisiana and we are losing money....which is it idiots?
Posted on 8/16/14 at 12:27 pm to GeeOH
quote:
So a bankrupt state is going to give more tax breaks just to keep movies from being filmed elsewhere?
California is not "bankrupt".
quote:
Especially if you bbelieve the idiots who thinks it serves no purpose in Louisiana and we are losing money....which is it idiots?
It depends on what their "credit" system looks like. If it's actually just a thinly-disguised rebate subsidy like Louisiana, then yes, they are stupid.
Posted on 8/16/14 at 12:31 pm to LSURussian
Will people in DC be outraged when companies move to take advantage of the favourable tax climate or will they reserve that for companies that move offshore for the same reasons?
Posted on 8/16/14 at 12:34 pm to Aubie Spr96
quote:
Will people in DC be outraged when companies move to take advantage of the favourable tax climate or will they reserve that for companies that move offshore for the same reasons?
There's a clear difference between a lower tax burden and having one's operations needlessly propped up by taxpayers via subsidies.
Posted on 8/16/14 at 12:42 pm to LSURussian
Looks like Jindal is going to have to up the ante and just finance 100% of the production company's operations now. 
Posted on 8/16/14 at 12:44 pm to Walking the Earth
quote:
Looks like Jindal is going to have to up the ante and just finance 100% of the production company's operations now.
Could make it like Joseph A. Bank.
Make one movie in LA, get two free!
Posted on 8/16/14 at 12:44 pm to Walking the Earth
don't give him any ideas...
Posted on 8/16/14 at 12:46 pm to Walking the Earth
quote:
Looks like Jindal is going to have to up the ante and just finance 100% of the production company's operations now.
Don't worry. Jindal's 100% checked out of Louisiana now. He doesn't give a shite unless it could affect his national profile, i.e. the whole Common Core fiasco.
Posted on 8/16/14 at 12:48 pm to Teddy Ruxpin
quote:
Could make it like Joseph A. Bank.
Make one movie in LA, get two free!
quote:
don't give him any ideas...
He can even make a promotional video!
quote:
Come on down to Crazy Bobby's where my subsidies are so high...you'll think I'm crazy!!
This post was edited on 8/16/14 at 12:49 pm
Posted on 8/16/14 at 12:51 pm to Walking the Earth
quote:
Come on down to Crazy Bobby's where my subsidies are so high...you'll think I'm crazy!!
Dahlin'!
Posted on 8/16/14 at 12:59 pm to LSURussian
IB hasn't posted yet? Maybe the I-Beacon doesn't go off unless "Jindal" is mentioned as well?
Posted on 8/16/14 at 1:34 pm to GeeOH
quote:
state is going to give more tax breaks just to keep movies from being filmed elsewhere? Just dumb.
Contradicts with:
quote:
Especially if you bbelieve the idiots who thinks it serves no purpose in Louisiana and we are losing money
so..
quote:
which is it idiots?
If the subsidy is smart for Louisiana, then logic dictates that it would be smart for California, too.
This post was edited on 8/16/14 at 1:35 pm
Posted on 8/16/14 at 1:43 pm to Asgard Device
So Louisiana was just 'leverage' to get California to offer bigger tax incentives?
Posted on 8/16/14 at 2:38 pm to LSURussian
I'm waiting for IB's California doppelganger to show and tell us how bad a deal this for California.
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