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re: $63.5 million Deep South Studios proposed for New Orleans Metro
Posted on 6/12/14 at 8:22 am to Asgard Device
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.
Posted on 6/12/14 at 8:32 am to kingbob
The La. Legislature toyed with dropping the credits 5-10% last year and many threatened to pull out.
Look how quickly the movie industry left California to come here.
Just as soon as there is a better deal in another state, there will be some giant vacant warehouses in Louisiana.
Look how quickly the movie industry left California to come here.
Just as soon as there is a better deal in another state, there will be some giant vacant warehouses in Louisiana.
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