Film industry could suffer if tax credits sunset
BATON ROUGE - The popular film tax credits that have helped create "Hollywood South" in Louisiana could face some changes as the state searches for ways to save money.
Some lawmakers have proposed changing the program to include a cap of $300 million on the amount of credits doled out each year.
But movie insiders think too many changes could mean the end of the industry in Louisiana.
"It's a little terrifying," said Ashton Leigh, who's acted locally for the past six years. "I would probably have to move, as an actress, to Atlanta or something if they did abolish the tax credits."
Even a cap could be prohibitive to some companies as they plan for future movies.
"We have to know if we're going to start shooting something one year, two year, three years from now, we have to know that we're not gonna be stuck in a September, October and be told that, hey all the credits have been used up this year," said Daniel Lewis, COO of Active Entertainment.
The governor takes his first shot at the budget Friday morning.
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