62°
Baton Rouge, Louisiana
3 Day Outlook
Wed
80°
59°
0%
Thu
87°
67°
20%
Fri
86°
70°
80%

Latest Weather Blog

Follow our weather team on social media

Budget group: Film tax break program needs limits

2 years ago Tuesday, August 07, 2012 3:09:10 PM CDT August 07, 2012 Tuesday, August 07 2012 Aug 7, 2012 in News
Source: Associated Press

BATON ROUGE - A new report is suggesting state lawmakers should lessen Louisiana's generous film tax credits and cap the amount of money it can cost the state each year in lost revenue.

Louisiana spent $231 million last year to attract movie productions, through a tax break program that continues to grow larger annually and that has cost the state more than a billion dollars over a decade.

The left-leaning Louisiana Budget Project says the state hasn't gotten much in return besides the prestige of hosting big-name Hollywood actors.

After years in the film business, Louisiana has about 2,500 direct jobs in the industry, according to federal labor statistics cited by the report. Taxpayers shelled out on average more than $60,000 for each of those jobs, the report says.

More News

comments powered by Disqus

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
5 Days
Radar
Today
62°
56°
Wed
Partly Cloudy
80°
59°
Thu
Mostly Sunny
87°
67°
Fri
T-Storms
86°
70°
Sat
T-Storms
83°
73°