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Posted on 11/20/18 at 8:08 pm to LSUgusto
i would be a good location scout in BR
but i want to director/writer/actor
but i want to director/writer/actor
Posted on 11/20/18 at 8:09 pm to OweO
La reduced tax incentives. Georgia created more. The film business followed the devil down to Georgia. Well... Until the Hollywood shits shoot themselves in the economic foot bc they're pissy about an election.
Posted on 11/21/18 at 7:11 am to jdavid1
quote:
Do you know what movie it is? I passed by this morning and the boat launch and Middendorf's were packed with film crews.
No I don't. I went down there last Saturday and it looked like they had just got there. I will find out and post it.
Posted on 11/21/18 at 7:15 am to rowbear1922
This thread is a complete 180 from these threads in the past. Everyone used to comment on how the tax incentives were costing the state. Now they miss the business apparently.
Posted on 11/21/18 at 7:17 am to OweO
Duck dynasty ended
Posted on 11/21/18 at 8:21 am to jmarto1
They are still costing the state.
That's been reported by private economists and the legislative auditor.
Film tax credits have risen to entitlement status and lots of folks count on them. They aren't going away any time soon.
That's been reported by private economists and the legislative auditor.
Film tax credits have risen to entitlement status and lots of folks count on them. They aren't going away any time soon.
Posted on 11/21/18 at 8:23 am to OweO
oh look, Chris spouting off false information based on his limited life experiences
Posted on 11/21/18 at 8:35 am to doubleb
quote:
They are still costing the state.
That's been reported by private economists and the legislative auditor.
Film tax credits have risen to entitlement status and lots of folks count on them. They aren't going away any time soon.
Has a correlation been shown to affect another sector such as tourism? I always questioned whether it was costing the state and we were seeing benefits elsewhere. Never got a fact based answer one way or another
Posted on 11/21/18 at 8:37 am to ksayetiger
quote:
Please explain how not receiving tax dollars translates to 'paying for the production'?
it's a transferable tax credit
Posted on 11/21/18 at 8:41 am to OweO
We were giving away too much money compared to what it was producing. Why some of you think it is bad that we stopped giving away the farm is beyond me.
Posted on 11/21/18 at 9:42 am to Last Place Browns
quote:
i would be a good location scout in BR but i want to director/writer/actor
Yea I'd like to know where I can get started as an adult entertainer. I have a unique skillset
Posted on 11/21/18 at 10:56 am to jmarto1
quote:
Has a correlation been shown to affect another sector such as tourism? I always questioned whether it was costing the state and we were seeing benefits elsewhere. Never got a fact based answer one way or another
The effect on tourism is small if anything in most areas. The anecdotal answer is the effect on Tourism in Monroe has been massive.
Tourism impact is very small as evidenced by the fact that you don't see a cottage industry offering tours to various film locations.
Posted on 11/21/18 at 3:36 pm to BlackAdam
That is a fair assessment. What about hotels, restaurants, and such benefiting? How much are we spending a year. I known could Google but I am pooping and have some dank memes to peruse
Posted on 11/21/18 at 3:53 pm to jmarto1
Economists and the Auditor has taken in the so called ripple effect and took that into account. It's still s big loser.
Posted on 11/21/18 at 3:56 pm to theunknownknight
quote:
Edwards
No...it was Piyoch.
Posted on 11/21/18 at 3:56 pm to doubleb
pales in comparison to the tax breaks the oil and gas industry gets ... and creates a more creative class in the state that it desperately needs.
Posted on 11/21/18 at 4:00 pm to jmarto1
They all benefit, but the state loses, and it loses a lot of money.
The state could have built a bridge over the Mississippi River near BR with the money they lost on movies and had money left over. Think about that.
Now the plan does support jobs, it does slightly help tourism statewide, and there is a ripple effect, but the original plan was to build a self sub staining movie industry and that plan has not worked.
Instead it has become an entitlement in that investor and industry workers are totally dependent on the state.
The state could have built a bridge over the Mississippi River near BR with the money they lost on movies and had money left over. Think about that.
Now the plan does support jobs, it does slightly help tourism statewide, and there is a ripple effect, but the original plan was to build a self sub staining movie industry and that plan has not worked.
Instead it has become an entitlement in that investor and industry workers are totally dependent on the state.
Posted on 11/21/18 at 4:10 pm to doubleb
quote:
Instead it has become an entitlement in that investor and industry workers are totally dependent on the state.
How so?
Serious question. Read the whole thread, but havent seen how it was cost the state actual money. "Out of the state pockets". Not just cuts on future possible tax monies. Outsider looking in, so really wondering. Example would help too. Thx.
Posted on 11/21/18 at 4:41 pm to TOSOV
Evidence of the dependency on the state was never more apparent than when the state talked about cut backs, and put more limits on the plan and movie companies quit coming to La.
Reports by the Legislative Auditor and a prominent economist show just how bad of a deal it is because the tax credits provided do not just offset state taxes which are the responsibility of the movie companies, but these credits can be transferred to others or sold to the state treasury for cash.
For instance any La. taxpayer can buy the tax credits from a movie maker to offset their tax obligation. The guy with the tax credits gets paid something like 90 cents on the dollar, and the guy purchasing the credits has their taxes reduced the full amount.
I believe the state only pays 85 cents on the dollar (may have changed) when they buy the credits back so there is a market to sell them for 90 cents on the dollar.
Right now I believe the state can only honor approximately 200 million a year or do in credits even though they could be obligated for more than that.
Here is a recent article on the situation from Nola.com
LINK
There are several studies out there on La. and on other states documenting how big of a loser the program is for the states involved.
Reports by the Legislative Auditor and a prominent economist show just how bad of a deal it is because the tax credits provided do not just offset state taxes which are the responsibility of the movie companies, but these credits can be transferred to others or sold to the state treasury for cash.
For instance any La. taxpayer can buy the tax credits from a movie maker to offset their tax obligation. The guy with the tax credits gets paid something like 90 cents on the dollar, and the guy purchasing the credits has their taxes reduced the full amount.
I believe the state only pays 85 cents on the dollar (may have changed) when they buy the credits back so there is a market to sell them for 90 cents on the dollar.
Right now I believe the state can only honor approximately 200 million a year or do in credits even though they could be obligated for more than that.
Here is a recent article on the situation from Nola.com
LINK
There are several studies out there on La. and on other states documenting how big of a loser the program is for the states involved.
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