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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 ...
The film industry in Louisiana has grown dramatically in recent years [1] [2] largely due to the state's 2002 tax incentives aimed at attracting film and television companies. [2] The success of Louisiana 's film industry caused the state to be nicknamed " Hollywood South " or " Hollywood on the Bayou ".
District A Shreveport City Councilwoman Tabatha Taylor says the tax credit is the key component to the city's growing film industry.
Louisiana will preserve its tax incentive for film and TV production, with a $25 million cut, under a budget deal reached by lawmakers. The state Senate voted 38-1 on Friday to lower the cap on ...
Many states provide financial incentives for film and television production. Film production incentives are tax incentives offered on a state-by-state basis throughout the United States to encourage in-state film production. Since the 1990s, states have offered increasingly competitive incentives to lure productions away from other states.
2020s commercial real estate distress was a worldwide spike in commercial real estate distress that began in the 2020s in the wake of the COVID-19 pandemic and interest rates hikes by central banks in response to the 2021 inflation crisis. Although the increase in distress occurred globally it was most acute in the United States and China.
Allies of the film industry in the Louisiana Legislature said Wednesday they will work to salvage the state’s production incentive, after the House voted to repeal it this week. The state House ...
A real-estate bubble or property bubble (or housing bubble for residential markets) is a type of economic bubble that occurs periodically in local or global real estate markets, and it typically follows a land boom or reduce interest rates. [1]