re: La Tax credit program scores another major victory

quote:

---

It's not a flat 25% tax credit. It's on production expenses

---

What expense of a software company is not production expenses?? Expenses accounts, light bills, office supplies and on and on are all day to day expenses of the production of software.

quote:

---

And from what I could tell, the tax credit on payroll didn't apply to all staff

---

Nope it is all and there is no cap and no end. At least a film production ends. This company as long as the law stands will get 30% of the labor paid for by the state.

Yes is cash redeemable and transferrable regardless of their income tax liability. I did not exaggerate when I said the man could have his own company pay him a $10 million salary and get $3 million back from the state.

quote:

---

It would be good to evaluate these programs to ensure they are actually generating positive cash flow for the state government and actually encouraging long-term economic growth.

---

They are not and any one that can add and subtract can see that.