With the state’s significant fiscal problems, some legislators are looking to eliminate the state’s film tax credits. This would be a huge mistake for the state; however, it seems some legislators are unaware of the benefits of the program that started in 2002. Since that time, thousands of film, TV and video productions have been made in Louisiana, giving our state worldwide exposure worth hundreds of millions of dollars.
by Mike Malak
The most profound argument in favor of retaining Louisiana’s Motion Picture production tax incentive is the claim that, if eliminated, or modified, Tom Cruise won’t come to the State anymore. I wouldn’t either! A cap on incentives for performer salaries exceeding $1,000,000.00, per production, sounds awfully discriminatory to the Hollywood mind and a backhanded slap at the rich and famous. Not that Cruise was going to come, anyway, which he might, but not for the free money, instead, more likely, for the scenery, food, and all that jazz.
There are more films and TV shows in Louisiana than in any location in the world. This incredible climb has occurred in slightly over a decade since the advent of the tax incentive program.
Films in Louisiana are BIG BUSINESS with top names in the industry now that the state is considered the state with the most filming worldwide.
Here is the “225.342.FILM”, which is the official hotline of Louisiana Entertainment. Here’s what’s happening as of the 2nd week in August 2014.
The Louisiana film industry has matured and is doing better than ever.