Photo by Andrea Piacquadio from Pexels
Come hurricane or writers strike, Louisiana’s film industry is moving ahead. If you’re an aspiring filmmaker or producer, you’ll be glad to know that the Pelican State has one of the most generous moviemaking tax credits in the United States.
In this article, we’re going to tell you about the Louisiana film tax credit and more.
If your film needs to cut costs, one of the ways to do that is to scout for locations that are cost effective. Louisiana is one of those locations, but it’s not the only one.
Several states in the South, including Georgia, Florida, Tennessee, Mississippi and North Carolina, are vying for the tax dollars of the movie industry.
When a movie films in a city or community, the area sees an immediate bump in significance. Traffic may increase in the area as people try to get a glimpse of a movie star. Others will congregate near a production to be cast as an extra or actor.
One of the major benefits for the films is that they get a tax credit. You may be wondering what the tax credit is in Louisiana. Here are the details.
Louisiana’s Motion Picture Production Program, statutorily known as Motion Picture Production Tax Credit, provides motion picture productions up to a 40% tax credit on total qualified in-state production expenditures, including resident and non-resident labor.
If you’re a movie producer or film studio executive, you may find yourself in need of a location to shoot. The state of Louisiana has one of the most generous tax breaks in the movie business.
Louisiana has made itself attractive to the U.S. movie industry by offering a 40% discount on taxes. If you have a film or TV series, consider the Pelican State as a location.
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