Louisiana House Votes to Eliminate $150 Million Film Tax Credit Program
11/12/2024 06:15 PM
Louisiana's House of Representatives just voted overwhelmingly in favor of eliminating the state's $150 million film production tax credit program as part of a push to eliminate a wide swath of such incentives in favor of lower corporate income tax rates. Legislators voted 87-12 in favor of sunsetting the tax credit program by June 30 of next year. The proposal now heads to the state senate as part of a special session called by Gov. Jeff Landry. We are losing population, and we have the highest corporate tax rate in the South. We're uncompetitive. We're not attracting business here. . . .
