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Louisiana Moves to Eliminate $150 Million Film Tax Credit
Louisiana's House of Representatives voted Tuesday to sunset the state's incentive for film production next year.
Jeff Landry, a Republican who took office in January, called a special legislative session late last month to reduce personal and corporate income taxes and eliminate a wide range of exemptions and credits, including the film incentive. “Our proposal starts the process of eliminating special treatment for the chosen few, while restoring equity to the others who now carry the heavy tax burden,” the governor told the Legislature upon opening the session last week. At a committee hearing, film industry representatives argued that the production incentive has generated thousands of high-paying jobs as well as $350 million in investments in studio infrastructure.
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