Louisiana increases tax incentive
The state of Louisiana has increased its Motion Picture Investor Tax Credit from 25% to 30%, with an additional 5% for local hires (capped at the first USD1 million). It has also eliminated the planned phase-down of the tax credit programme.
Bobby Jindal, the Governor of Louisiana, said: “These tax incentives are critical tools to give Louisiana a bright economic future. By signing these bills, we’re ensuring that we not only have the ability to remain economically competitive, but that we can continue to move our state forward by making Louisiana the greatest place in the world to find a great paying job and raise a family.”
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