Nov 21, 2024
A Louisiana Senate committee voted Tuesday to keep the state’s tax incentive for film production while reducing the cap on the program by $25 million, the USA Today network reports. The Senate Revenue and Fiscal Affairs Committee voted Tuesday to continue the film tax credit, adjusting the cap downward from $150 million to $125 million, effective in 2025. The House of Representatives voted last week to ax the tax credit.  Lawmakers added a provision to the amendment, which stipulates that any remaining balance of $125 million or less would roll over into the following year. Read the full story.   
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