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Message
re: Louisiana House votes to eliminate film/TV tax incentive
Posted on 11/14/24 at 10:01 am to Jack Ruby
Posted on 11/14/24 at 10:01 am to Jack Ruby
quote:
but I'm guessing he is getting some major $$ from local or even state level EDCs.
So did the Elio vehicle manufacturing company in Shreveport
Guess what?
0
Posted on 11/14/24 at 11:27 am to TouchedTheAxeIn82
I thought film welfare ended like 10 years ago
Posted on 11/14/24 at 9:11 pm to TouchedTheAxeIn82
Good riddance to further reduce the tax burden on LA citizens.
“But an annual Department of Revenue report on the return-on-investment for the ten largest state tax break programs found that, for the 2022-2023 fiscal year, Louisiana’s GDP grew by only 60 cents for every dollar spent on the film tax credit program.
And, the report says, state revenue decreased by 90 cents for every dollar spent on the film tax credit programs.”
“But an annual Department of Revenue report on the return-on-investment for the ten largest state tax break programs found that, for the 2022-2023 fiscal year, Louisiana’s GDP grew by only 60 cents for every dollar spent on the film tax credit program.
And, the report says, state revenue decreased by 90 cents for every dollar spent on the film tax credit programs.”
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