Local actors hold rally, asking Jindal to preserve film tax credits in Louisiana
POSTED: Tuesday, April 9, 2013 - 5:31pm
UPDATED: Tuesday, April 9, 2013 - 8:11pm
Baton Rouge, La (NBC33) — A group of local actors are rallying to tell Governor Jindal how important the film tax credit is for Louisiana.
These actors say that any kind of cap on the film tax credit would shut down the film industry in Louisiana, and either end their careers or force them to move.
Louisiana is the third busiest state in the nation for movie and tv production, behind only California and New York.
Many people say that the tax credit, started in 2002, is one of the main reasons for the industry comes to the state; it's one of the biggest credits in the country, giving producers 30 percent back on all costs incurred.
The film industry, ranging from blockbusters to small, independent movies, spends more than a $1 billion a year in the state, and supports as many as 10,000 jobs.
Jindal wants to put a $1 million limit on the tax credit, which might scare off the bigger productions.
The state only gets a few major films each year, but they account for roughly half of all the money spent by the industry.
NBC33's David Lippman will have more on this on NBC33 News at 6:30 and 10.