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re: $63.5 million Deep South Studios proposed for New Orleans Metro
Posted on 6/12/14 at 8:11 am to Dire Wolf
Posted on 6/12/14 at 8:11 am to Dire Wolf
quote:
Tax credits aren't subsidies
Yes, they are. Give me $10b in these "tax credits" and see how that works out for you. Hell, I promise to pay double in state taxes than what I normally pay so its a win-win, right? :roll eyes:
quote:
The state isn't paying them to be here.
Yes, they are.
Posted on 6/12/14 at 8:22 am to Asgard Device
Exactly. They are called tax credits, but they really aren't. They pay the film companies back for 30% of their expenses, NOT tax expenses, straight expenses. Those film companies can also sell those credits back to the state or to other companies. There have been multiple studies showing that the state comes out far behind money wise, but I still think it may be a net positive for the state. All of the extra attention really does seem to be helping our tourism dollars, but that may be a stretch as well.
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