Louisiana Production Tax Credit Safe As State Lawmakers Pass Sweeping Reform Bill
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deadline.comLouisiana lawmakers saved the state’s tax credit as part of a sweeping set of fiscal reform bills that are headed the governor’s desk coming out of a special legislative session.
The increasingly popular credit had been abolished by the House along with a wide range of other incentives to make up lost revenue from Gov.
Jeff Landry’s push to slash corporate tax and personal income tax in the state. But the film and television incentive was reinstated by a Senate committee earlier this week.
The annual cap was lowered to $125 million from $150 million but local film industry players were still pretty thrilled that it emerged relatively intact.
Read more on deadline.com
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