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LOUISIANA FILM
ENTERTAINMENT ASSOCIATION

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LFEA Message – Legislative Update and Overview

As you know from previous reports, your Board has spent considerable time, effort, and funds to develop comprehensive legislation to protect the industry and satisfy the state’s need to solve its budget crisis.

The overwhelming majority of legislators did not want to kill or seriously damage the motion picture incentive program, but felt that changes were necessary to help resolve the current fiscal deficit and to sustain the long-term viability of the program by implementing measures to protect against fraud and abuse.

In an effort to generate funds for the current budget year, the legislature voted in the eleventh hour to limit the amount of tax credits able to be claimed to $180M per fiscal year beginning July 1, 2015, making it a REDEMPTION CAP – not a cap on the issuance of credits for new productions.  At first blush, this cap worried many of us, but newly released historical data published by LDR shows that the average number of credits redeemed in prior years has been in the range of $180M, so this redemption cap may not be as limiting as it first seemed.

Now that the dust has begun to settle, your Board has turned its attention towards working with LDR and LED to find the most constructive path forward. We are pleased to report that the effort is meeting with much success, as evidenced by a report published yesterday by LED giving an overview of its interpretation of the new law. We are thankful that both LDR and LED seem intent on implementing the law in ways designed to be as positive for the industry as possible.   Please go to this LINK to see LED’s current breakdown.

Cameras are still rolling today and much of the uncertainty has been resolved by interpretations from LDR and LED.  Plus, new opportunities have been created for indigenous filmmakers, local screenwriters, and local crew, who now have their salaries credited at 40% instead of 35%.

While we have carefully considered mounting a constitutional challenge to the new law, we feel that our time and resources would be better utilized continuing to work cooperatively with LED and LDR and see how things develop over the remainder of the year. We intend to work to elect supportive legislators and to solidify commitments to our industry from all gubernatorial candidates.  We expect to be extremely proactive during the next six months and anticipate further revisions to the legislation in the first quarter of 2016 designed to fix any remaining glitches.

We will need you more than ever. There is strength in numbers, and we have the numbers! Almost 14,000 of you signed our petition. If our industry continues to speak with one voice through LFEA, the candidates will not only have to work with us, they’ll want to. Stay tuned – more to come in the following weeks.

Louisiana Entertainment Legislative Overview Document – click here

NEWS FEED

Louisiana Film and Entertainment Association

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
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Louisiana Film and Entertainment Association
Louisiana Film and Entertainment AssociationJuly 14th, 2015 at 9:05pm
The August 1st deadline to submit films for Southern Screen Film Festival is just weeks away! Southern Screen is accepting submissions from Southern filmmakers for its annual film festival in Downtown Lafayette, November 19-22, 2015.

http://us2.campaign-archive1.com/?u=318fe9ef0d9c6ecde48cf9fe1&id=6380b01214&e=91d237e78f
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Louisiana Film and Entertainment Association
Louisiana Film and Entertainment AssociationJuly 8th, 2015 at 8:52pm
LFEA has provided a Legislative Update and Overview of the changes happening in the Louisiana film industry. Please visit the website for more information at www.lfea.org

We will continue to provide you updates on how the cameras are still rolling in Louisiana!
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Louisiana Film and Entertainment Association
Louisiana Film and Entertainment Association shared Elizabeth Hutchison's photo.July 6th, 2015 at 7:23pm
Don't miss this Grip and Electric Class taught by Local 478 Members!!
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AND TWEETS:
June 15th, 2015 at 6:06pm
RED ALERT Message from LFEA President - VETO Reqested - http://t.co/Gu49LF8P2G
June 13th, 2015 at 9:58pm
@BobbyJindal Please consider a VETO to HB 829! This could cost over 30,000 film jobs. #VETOHB829
June 13th, 2015 at 9:30pm
#VETOHB829 RED ALERT Message from LFEA President - VETO Reqested - http://t.co/ZSTsNkMyqP
June 11th, 2015 at 2:54pm
RED ALERT Message from LFEA President - Contact Legislators IMMEDIATELY!  - http://t.co/qombJhvfuY
June 10th, 2015 at 6:25pm
URGENT Call to Action - Contact Committee Conferees Immediately!  - http://t.co/ZdwnNEfz0w
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