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The Louisiana Film Tax Credit is under attack. HB 276 by Rep. Lance Harris – Eliminates the motion picture investor tax credit program.
HB 276 will be heard April 21, 2015
House Ways and Means Committee
House Committee Room 6
Plan to come to the Louisiana State Capitol and show your support by wearing red shirts on April 21, 2015. Get there early as it will be busy!
The Louisiana Film & Entertainment Association is a professional trade association created to grow the entertainment industry in the State of Louisiana. LFEA plays a substantive role in the long term prosperity of the Louisiana’s entertainment industry; an industry defined by various sectors including film, music, digital media and live performance. The association works to bring together the individual working in the entertainment industry with businesses invested in Louisiana. LFEA’s goal is to speak with one voice regarding the positive economic impact the entertainment industry provides to Louisiana.
The 2015 Regular Session of the Louisiana Legislature is upon us, and this year: the focus is on the state’s budget. There is much discussion about the entertainment industry’s tax incentives, as well as all incentive programs offered by the State. As legislators address the $1.6 billion budget shortfall, many will question economic impact and return on investment of these tax incentives.
The good news is we have answers to these questions. LFEA partnered with MPAA (Motion Picture Association of America) to compile a study of the film industry’s impact on Louisiana. The industry generated up to $4 billion in economic output in 2013, including $1.2 billion in personal income across the state. Additionally, Louisiana-based TV and movies have lured 14.5 percent of tourists to our beautiful state for the last two years. You can read our full study here. The State also commissioned their own study, which you can read now here.
Numerous bills were pre-filed to alter the motion picture incentive program. To stay informed about these bills and communicate directly with your legislators, please visit our Action Center. Make sure you’re signed up for alerts from the Action Center today by using the Quick Sign Up box. Your continued engagement in this process will secure a future for the growing film industry in Louisiana and #KeepUsRollin. Don’t forget to also follow along on Facebook, Twitter, and YouTube!