So much as been written on this topic that it is starting to become redundant. But yet is anyone doing anything other than yelling in the press?!
Below the 2 articles on the subject is a link from the LA Film and Entertainment Association that you can follow to make your voice heard.
We all understand what the Governor is trying to do, and the "hair cut" approach he is taking. But we all know how devastating a bad hair cut can be. And in this case, it won't grow back out.
http://www.filmproductioncapital.com/rankings.html This link is to the rankings of the top state incentive programs and how they are viewed and rated. Yes, we are #1 today, but look at the others and the reasons they have fallen. The common theme: reduction of the incentives.
According to the gov, the cuts are small and will have a "negligible effect" If the"hair cut" is so small, then why even bother cutting it. The benefit is much greater. I am not a fan of "Hollywood fat cats" taking advantage of the system. However, in this case, if we keep putting the milk out for the fat cats, at some point they will not be able to leave. That is the true path to sustainability and the reason these incentives need to stay in place. Gov. Jindal, don't touch the milk!
Jindal’s tax proposal could devastate film industry http://www.lsureveille.com/news/article_3150ef94-9274-11e2-9d8d-001a4bcf6878.html#.UVRw0jgp3PE.twitter via @lsureveille
Film industry leaders say Jindal tax plan would cripple production; administration disagrees
FROM LOUISIANA FILM & ENTERTAINMENT ASSOCIATION:
Governor Jindal unveiled his plan to eliminate Personal Income, Corporate Income and Franchise Taxes in the upcoming legislative session. The administration has not yet filed an official bill, but instead have offered a draft bill that outlines the Tax Swap Program. As a part of his larger package to eliminate income, corporate and franchise taxes, the Governor has also suggested changes to the film program.
How do these changes impact the film industry?
• Impose a salary cap of $1 million for above-the-line talent.
• Exclude financing fees from the cost basis
• Increasing the current state sales tax rate from 4% to 5.88% and include services.
If passed by the legislature, these changes will have a dramatic impact on the entertainment industry in Louisiana.
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