Who profits from filmmaking in the state? (Battle: Los Angeles - Photo by RICHARD CARTWRIGHT/Columbia Pictures)
Battle: Los Angeles - Photo by RICHARD CARTWRIGHT/Columbia Pictures
Thanks to special tax incentives, Louisiana has become one of the most popular locations in the country for film and television production. More than 300 movies and TV shows have been shot in the state over the last ten years, generating a reported $1.5 billion in economic activity. But some analysts say the benefits of film tax credits are overstated and they often don’t even pay for themselves. Explore who profits from filmmaking in the state on “Lights, Camera, Louisiana!” Wednesday, May 25th at 7 p.m. on Louisiana Public Square.
While Louisiana’s rich culture and unique history has always attracted its share of films, film production has now become a major industry in the state. In 2002, Louisiana was the first state in the country to enact motion picture tax credit legislation. Then state Senator Jay Dardenne and former state Representative Steve Scalise shepherded passage of the “Louisiana Motion Picture Incentive Act” setting up a film tax incentive program. Since the legislation was passed, nearly 500 movies and television shows have been filmed in Louisiana. Productions in 2010 alone, according to a recent Louisiana Economic Development Report, created an economic impact of $1.1 billion.
...Read Full Backgrounder
We want to know your opinion! Leave your comments in the box below.Commenting is not available in this weblog entry.
What should Louisiana’s Congressional priorities be?
Would the breakaway City of St. George quash Baton Rouge’s school desegregation progress?
How is Louisiana addressing its dropout problem?
How big a business is college sports in Louisiana?
What should the state’s transportation priorities be?
How does Louisiana determine if someone is a danger to themselves or others?
Would a reduction in penalties encourage more usage and lead the state down a path to legalization?»»» View all Topics!