About Louisiana
Let”s start by saying, Louisiana is much more than New Orleans. Louisiana is quickly becoming the “other” L.A. With settings ranging from swamps and marshes to historical cities and southern towns, LA is quickly making its mark on the entertainment industry.
The Program
Qualified Spend
- 30% tax credit on all in-state qualified expenditures.
- 30% tax credit on all ATL and BTL labor expenses.
- Additional 5% tax credit on all LA resident labor expenses.
- 30% credit is fully transferrable and has no cap.
- Fringes are included.
- Per diems are included.
- Minimum spend of $300,000
Tax Credit
Remember, this is a tax credit. If you live in Louisiana, you can use it to offset your income taxes over the next 10 years. If you don”t want to use it to offset taxes or really just need that cash, you can sell it on the secondary market for 80 to 90 cents on the dollar. However, Louisiana will now give you 85 cents on the dollar if you want a check immediately and don”t want to sell to a third party.
Louisiana Crews
There is a pretty good crew base in Louisiana. With shows like True Blood, & K-ville and films like Green Lantern (2009), Cadillac Records (2008), Ocean”s Thirteen (2006), and The Informant! (2009) Louisiana has a very experienced and usually very friendly crew base.
Conclusion?
L.A. vs. LA? The distinction is becoming more blurred… Louisiana (LA) has taken the necessary steps to make a permanent mark on the Entertainment Industry”s map. And with the incentive just made permanent, don”t expect this great incentive nor great place to film to go anywhere soon.
