Nov 13, 2024
NEW ORLEANS (WGNO) — Governor Jeff Landry's proposed changes to the state tax code includes ending film industry tax credits, years before they are set to expire. People in the industry say that the decision could wipe out Hollywood South. "I'd say we are really on par with the rest of the other big cities in the country nationwide, due to some strikes last summer and some contract negotiations that happened this year. We're down to 30% of where we usually are. But with the Super Bowl coming up we've definitely seen an increase in commercials and other short projects we're about three times where we were a couple of years ago," said Film NOLA Interim Director Brittany Chandler. Talk show star Tamron Hall visits her New Orleans home at WGNO The local industry is recovering from the pandemic and recent strikes. Stakeholders in the industry and local lawmakers are speaking up about the potential impacts of removing tax credits, currently promoted in the governor's tax plan. "It's producing results. People have jobs in these industries. Whether there's developers doing historic tax credits or whether they're working in film, I don't believe we should be looking to eliminate one successful program in order to try to attract another," said Sen. Royce Duplessis, D-New Orleans. The head of Louisiana's film office recently testified before a House committee about what the impacts of removing the credits would mean statewide. "We bring in $1 billion annually in sales to the State of Louisiana. Over $360 million of that is Louisiana's local payroll. If you look at it like this $180 million in tax credit goes out, $360 million goes directly to Louisiana residents and over $600 million in sales comes directly to the State of Louisiana," said Film Louisiana President Jason Waggenspack. African and Creole architectural artisans saluted in new documentary The measure has passed a House committee and will move to the Senate but according to industry stakeholders, the mere consideration of cutting the film tax credits program could affect productions in the near future. "You hit the nail on the head, anytime an industry is looking for where it's going to invest, it needs predictability, they need stability. The fact that they're now on the chopping block will have a huge effect on the industry's to make long-term investments in Louisiana, irrespective of what the outcome is," said Duplessis. Stay up to date with the latest news, weather and sports by downloading the WGNO app on the Apple or Google Play stores and by subscribing to the WGNO newsletter. Hilarious, spooktacular musical 'BEETLEJUICE' now playing at the Saenger Theatre 'Wildcatting' crackdown: Unregulated drivers put on notice at border crossings Democrat concedes competitive US House race in Arizona Parent input needed in Louisiana child care survey Don't miss these Native American Heritage Month celebrations at Choctaw Landing
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