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