Register All Albums FAQ Community Experience
Go Back   New Orleans Saints Forums - blackandgold.com > Main > NOLA

Louisiana House committee votes to keep Hollywood South tax credits at $180 million

this is a discussion within the NOLA Community Forum; After a heated debate over priorities given the state budget shortfall, a House committee on Friday decided to keep the cap on credits for movies, TV shows and commercials shot in the state at $180 million a year rather than ...

Reply
 
LinkBack Thread Tools Display Modes
Old 05-25-2018, 07:32 PM   #1
Site Admin
 
Join Date: Mar 2007
Location: New Orleans
Posts: 11,971
Blog Entries: 2
Louisiana House committee votes to keep Hollywood South tax credits at $180 million


After a heated debate over priorities given the state budget shortfall, a House committee on Friday decided to keep the cap on credits for movies, TV shows and commercials shot in the state at $180 million a year rather than cutting it to $90 million.

The House Ways and Means Committee voted 8-4 to maintain the current subsidy even though some legislators suggested that the money should be used instead to stave off possible cuts in vital public services.

The state-subsidized credits incentivize production companies to film in Louisiana, once deemed ?Hollywood South.? But the Legislature also is trying to solve an estimated $648 million ?fiscal cliff,? and it is not clear if it will approve enough revenue measures to avoid the cuts.

?I think health care and education should be prioritized over Popeye?s commercials,? argued the bill?s sponsor, Rep. Phillip DeVillier, R-Eunice.

?I?m looking at something where we can prioritize our state dollars a little bit better,? he added.?
admin is offline   Reply With Quote
Reply


Posting Rules


All times are GMT -5. The time now is 08:48 PM.


Copyright 1997 - 2020 - BlackandGold.com
no new posts