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Film Tax Credit Program Could Be Cut In Regular Session

Source: kpel965.com - Mar 24, 2017

Louisiana’s film tax credit program could be on its last reel, as Alexandria Senator Jay Luneau plans to file legislation that would cut the program. Luneau says in these tough budget times, lawmakers need to assess the return on investment of state funded programs. He says a recent study by LSU economist Loren Scott shows that return isn’t there when it comes to film tax credits.

“Mr. Scott found that the return on investment is 23 cents for every dollar we spend. So that means that we’re losing money on this program, and it’s gone on for too long,” Luneau said.

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Category: General Business