Louisiana cuts film tax incentives cap to $125M, effective 2025, balancing budget and industry needs.

Louisiana lawmakers have agreed to reduce the state's film and TV production tax incentive cap from $150 million to $125 million, preserving the program that supports about 10,000 jobs. The state was a pioneer in adopting film tax credits in 1992. The new cap will take effect in 2025, aiming to balance budget concerns with the economic benefits the film industry brings to Louisiana.

November 22, 2024
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