Gov. Jindal announces plan to scale back the motion picture tax credit program. | TigerDroppings.com
Posted by
Message
Dumplin
LSU Fan
New Orleans, LA
Member since Sep 2008
1343 posts

Gov. Jindal announces plan to scale back the motion picture tax credit program.

LINK

I have no idea what this is meant to accomplish. Discuss.


CarrolltonTiger
LSU Fan
New Orleans
Member since Aug 2005
46803 posts

re: Gov. Jindal announces plan to scale back the motion picture tax credit program.
Looks like the Louisiana film industry is beginning a lobby campaign to keep the lucrative tax credits.


Replies (0)
Replies (0)
shutterspeed
Southern Miss Fan
TX
Member since May 2007
36912 posts

re: Gov. Jindal announces plan to scale back the motion picture tax credit program.
It's a good idea and deals with some of the issues that I B Freeman has presented on here. Most of the above-the-line money does little to filter back into the economy and serves only to line the pockets of a few individuals.
This post was edited on 3/17 at 12:12 am


Cosmo
UNO Fan
glassman's guest house
Member since Oct 2003
69380 posts
Online

re: Gov. Jindal announces plan to scale back the motion picture tax credit program.
quote:

I have no idea what this is meant to accomplish


cutting our budget so we don't run a deficit

novel concept, i know


Dumplin
LSU Fan
New Orleans, LA
Member since Sep 2008
1343 posts

re: Gov. Jindal announces plan to scale back the motion picture tax credit program.
quote:

cutting our budget so we don't run a deficit

How does a salary cap help cut our budget? It doesn't decrease tax credits, and it limits a private entity's ability to hire. Plus, the growth of film in Louisiana has been credited with a good bit of prosperity in the state. I'm not sure how jeopardizing that is going to help the state budget if it leads to reduced tax revenue.


Draconian Sanctions
LSU Fan
2011 SECr Hall of Flame Inductee
Member since Oct 2008
44893 posts

re: Gov. Jindal announces plan to scale back the motion picture tax credit program.
quote:

Most of the above-the-line money does little to filter back into the economy and serves only to line the pockets of a few individuals.


Welcome to the United States


Replies (0)
Replies (0)
shutterspeed
Southern Miss Fan
TX
Member since May 2007
36912 posts

re: Gov. Jindal announces plan to scale back the motion picture tax credit program.
quote:

How does a salary cap help cut our budget?


Because revenue won't be wasted on line items with no financial return to the state.

quote:

it limits a private entity's ability to hire.


Production companies can still hire whomever they want. They just won't be reimbursed for hiring out-of-state talent or subsidizing premium salaries.




Dumplin
LSU Fan
New Orleans, LA
Member since Sep 2008
1343 posts

re: Gov. Jindal announces plan to scale back the motion picture tax credit program.
quote:

Production companies can still hire whomever they want.

But wouldn't imposing a limit on salaries in essence limit your ability to attract talent to the production? I am not familiar with the industry, but, assuming million dolar salaries are fairly common, a salary cap would eliminate a large pool of potential hires who will seek better compensation elsewhere.


shutterspeed
Southern Miss Fan
TX
Member since May 2007
36912 posts

re: Gov. Jindal announces plan to scale back the motion picture tax credit program.
quote:

But wouldn't imposing a limit on salaries in essence limit your ability to attract talent to the production? I am not familiar with the industry, but, assuming million dolar salaries are fairly common, a salary cap would eliminate a large pool of potential hires who will seek better compensation elsewhere.


The kind of talent we're talking about are usually attached to a project before budgets and locations are even finalized. Many states already include salary caps. And the ones that don't probably will after they hemmorhage enough money.


cosmicdingo
Texas Fan
Springhill, La.
Member since Mar 2006
2080 posts

re: Gov. Jindal announces plan to scale back the motion picture tax credit program.
So how many movies will this cost the state?And what are the chances of it passing?


shutterspeed
Southern Miss Fan
TX
Member since May 2007
36912 posts

re: Gov. Jindal announces plan to scale back the motion picture tax credit program.
Who knows? LA should just concentrate on keeping their below-the-line tax incentives as sweet as possible. Puerto Rico implemented a 40%(!) tax credit program last July with no wage cap. I haven't heard about it damaging LA's film infrastructure yet.


Replies (0)
Replies (0)
Lsut81
USA Fan
Member since Jun 2005
65951 posts

re: Gov. Jindal announces plan to scale back the motion picture tax credit program.
quote:

I have no idea what this is meant to accomplish. Discuss.



Just spitballing here, but I'd imagine, save money


Doesn't the state actually end up paying the film companies due to how large the tax breaks are???


Dumplin
LSU Fan
New Orleans, LA
Member since Sep 2008
1343 posts

re: Gov. Jindal announces plan to scale back the motion picture tax credit program.
quote:

Doesn't the state actually end up paying the film companies due to how large the tax breaks are???

You would have to take it in context. If the state ends up making up the cost by an increase in tax revenue due to the jobs supported by the film industry then it is a net gain. I would suppose the increased visibility of the state in film would contribute to increased tourism revenue as well. It seems there is a lot to be considered besides just the up front cost of incentivizing a production.


los angeles tiger
LSU Fan
1,601 miles from Tiger Stadium
Member since Oct 2003
55976 posts

re: Gov. Jindal announces plan to scale back the motion picture tax credit program.
Good. The industry is heavily liberal and they always voted for more taxes in California yet they are now doing very little production in this state. They are all for taxes for everyone else but not for themselves to pay.


cosmicdingo
Texas Fan
Springhill, La.
Member since Mar 2006
2080 posts

re: Gov. Jindal announces plan to scale back the motion picture tax credit program.
By all means, let's kill the one emerging industry the state has.Dumbasses.


JabarkusRussell
Member since Jul 2009
10010 posts

re: Gov. Jindal announces plan to scale back the motion picture tax credit program.
quote:

. I would suppose the increased visibility of the state in film would contribute to increased tourism revenue as well


The vast majority of people have no idea these films were filmed in LA.


I B Freeman
Member since Oct 2009
7941 posts

re: Gov. Jindal announces plan to scale back the motion picture tax credit program.
It is corporate welfare pure and simple. I thought this one million cap was already in place but think of this way--without a cap if Lindsay Lohan makes a film in Louisiana and is paid $3 million then taxpayers will pay $900,000 of her salary (30%).

THESE FILM TAX CREDITS ARE NOTHING BUT TAXPAYER GIVEAWAYS--we get little return and the only people that say we do get a return are people in the industry and the only proof they cite are industry paid for (or paid by the state under political pressure) for studies.

It doesn't take a rocket scientist to see how stupid this program is for Louisiana. I feel embarrassed by the gullible who fall for the "economic impact pays the expense" talk.
This post was edited on 3/17 at 2:38 pm


shutterspeed
Southern Miss Fan
TX
Member since May 2007
36912 posts

re: Gov. Jindal announces plan to scale back the motion picture tax credit program.
LINK

quote:

While some argue that film incentives ultimately do not pay off for states, the success in Greenwood shows that local economies can prosper. Greenwood hotels, restaurants, antique stores, construction workers, actors and others benefited directly from the filming of "The Help." The city reaped about $13 million from the production.



los angeles tiger
LSU Fan
1,601 miles from Tiger Stadium
Member since Oct 2003
55976 posts

re: Gov. Jindal announces plan to scale back the motion picture tax credit program.
quote:

By all means, let's kill the one emerging industry the state has.Dumbasses.



Did you say this to Obama and libs regarding the oil industry that is taxed out the ying-yang in this country? Did you go after him for the moratorium following the BP spill? A helluva lot of damage to Louisiana that supports a lot more people with jobs that last more than a few months.
This post was edited on 3/17 at 2:53 pm


Replies (0)
Replies (0)
I B Freeman
Member since Oct 2009
7941 posts

re: Gov. Jindal announces plan to scale back the motion picture tax credit program.
quote:

The city reaped about $13 million from the production.


Shutterspeed what do you think that means?

Do you think it means $13 million was put into the city budget from the film?

Do you think it means $13 million was spent in the city? is so how much of that was profit that people actually kept? how much was salaries for out of state people? how much of it continued the month after "The Help" quit filming?

I am just curious what you think.


Page 1 of 2

Back to top

Follow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram