Louisiana Senate Moves to Preserve Film Tax Credit with $125M Cap
TL;DR Summary
The Louisiana Senate Revenue and Fiscal Affairs Committee voted to retain the state's film tax credit while reducing its cap from $150 million to $125 million, countering a House proposal to end the incentive by 2025. This decision comes amid protests from industry workers concerned about job losses. The committee also proposed amendments to eliminate the refundability of tax credits and to allow unused credits to roll over to the next year. The final legislative outcome remains uncertain as discussions continue.
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- The state Senate will vote today on whether to ax this popular tax credit Greater Baton Rouge Business Report
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