re: Louisiana film tax credits may not be enough as Texas announces two major film studios

Film tax credits were a huge detriment to LA. We paid out the arse so much

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They were #1 in film production like 10-15 years ago until some loser politician decided Louisiana was better off not reaping billions of dollars of economic impact in exchange for a few million in tax incentives.

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We were, but some of films were not of the best money making caliber.

Remember the Green Lantern, it cost several hundred million to make and bombed at the box office. The state pumped millions of credits into that movie.

Also, who can forget some of the possible fraud on some projects that started but were never completed.

I would have offered this suggestion to the Louisiana film office: Why not instead of just opening the check book on all film projects, select and evaluate each project, and offer cash to become silent investors in movie projects, that way once projects pay their dividends, the state could recoup its investment and use any profits or losses to fund other projects.

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I would have offered this suggestion to the Louisiana film office: Why not instead of just opening the check book on all film projects, select and evaluate each project, and offer cash to become silent investors in movie projects

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Hollywood doesn't need the Louisiana governments cash. An silent investment doesn't provide them any value they can't get from 1,000 other places.

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I remember my first subsidy.

You kids are funny.

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Tax incentives are just part of the world now. Louisiana not using them is just going to put them even further behind

Anthony Mackie is building a 20 acre studio in New Orleans East. So there's still some life to the Louisiana film industry.

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Hollywood doesn't need the Louisiana governments cash. An silent investment doesn't provide them any value they can't get from 1,000 other places.

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There a tax firms that deal exclusively in buying and selling these tax credits So yes Hollywood wants our cash.

The people in charge of this don’t know when to stop. The I-35 corridor is stacked, and it’s slowly going east and west. Hill Country has been flooded with wineries. I foresee some of those older ranches getting bought by California money. My retirement plans won’t include the Hill Country at this rate.

The film tax subsidy program was a loser for Louisiana and its taxpayers.

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There a tax firms that deal exclusively in buying and selling these tax credits So yes Hollywood wants our cash.

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And that is where the greed comes in.

I can remember one of these shisters trying to make a Saintsation TV show, and they used some creative accounting and inflated costs to maximize the costs to maximize the credits.

Here a link to an article from Fox 8 on Saintsational the show that wasn’t.