Louisiana Film Incentive Saved, With $25 Million Cut, in State Budget Deal
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variety.comGene Maddaus Senior Media Writer Louisiana will preserve its tax incentive for film and TV production, with a $25 million cut, under a budget deal reached by lawmakers.
The state Senate voted 38-1 on Friday to lower the cap on the program from $150 million to $125 million. The House of Representatives concurred on a vote of 90-9, sending the bill to Gov.
Jeff Landry for his signature. Landry called a special session to adopt a sweeping reform to the state’s tax structure, in a bid to reverse a decline in population.
The governor’s plan called for lowering corporate and personal income taxes while partially offsetting the cost by eliminating a broad range of exemptions and credits. “The goal is to lower the rates, make them flat,” Sen.
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