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Louisiana Film Incentive Saved, With $25 Million Cut, in State Budget Deal
The Louisiana legislature has hammered out a budget deal that preserves the state's incentive for film and TV production, with a $25 million cut.
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. Officials in Shreveport were adamantly opposed to eliminating the incentive, as Curtis “ 50 Cent ” Jackson is developing G-Unit Studios in the city, with the expectation that productions would be able to leverage the credit. Film Louisiana, which led the lobbying effort for the incentive, argued that it supports 10,000 jobs and generates $1 billion annually in economic activity.
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