Louisiana Film & TV Tax Credits On The Line As Lawmakers Consider Abolishing Incentive
deadline.comLouisiana’s increasingly popular state tax credit for film and television production may be at risk as legislators at a special session are considering the repeal of a wide range of incentives.
The credit – with a base of 25% that can run as high as 40% — is capped at $150 million annually (with up to $30 million more for credits unclaimed the previous year).
It’s been attracting productions and Louisiana regularly comes up among the list of states filmmakers look at. Over the past decade, it has hosted over 700 motion pictures, TV series and documentaries from Interview with the Vampire and National Treasure to Nickel Boys, Leverage: Redemption, The Iron Claw and Where The Crawdads Sing.
The fight, as always, centers around whether the film tax incentive brings in more than it costs the state, which has reported a budget shortfall.
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