Locals say no to new film tax credit
POSTED: Thursday, June 16, 2011 - 5:51pm
UPDATED: Thursday, October 20, 2011 - 11:05am
BATON ROUGE (NBC33) - — A new tax credit for the Louisiana Film Industry died in the House Ways and Means committee Thursday after dozens of locals in the business told lawmakers, they don’t want the money.
The small business owners said the bill requirements are set too high, and would give California companies an advantage over smaller, Louisiana grown companies.
Senate Bill 264, by President Joel Chaisson, a Democrat, will not advance any further in the Louisiana Legislature this session.