A new article on Deadline.com discusses the cuts to the incentive program in Louisiana and how the state’s production industry is looking to bounce back.
“Louisiana’s filming loss comes at a time when several other states are increasing their incentives to keep or attract filmmakers. California tripled its incentives program in 2014 to $330 million, Ohio will double its program to $40 million in September, and Pennsylvania recently raised its by $5 million to $65 million.
Even so, Louisiana’s program is still nearly twice what California’s was only a year ago, and more than half of what the Golden State’s is now. Louisiana had also suspended its buy-back of the tax credits – at 85% of face value – for one year, but that suspension ended this month.”
Click here for the entire article.