Your connection to people and resources in the Wilmington, N.C. film industry
Louisiana bumps TAX CREDIT to 30 and makes it Permanent.
As of 7:30am this morning, it was announced that Louisiana made their tax credits permanent, with no expiration clause.
In the fall, their tax credit will rise to 30% from 25%.
So again North Carolina will fall behind in the tax wars, seeing that we were fighting for 25% and before it even gets approved, other states are already advancing even higher.
As of RIGHT THIS MOMENT, there are 18 movies/tv shows in pre-production, production, and post production in Louisiana.
A producer in Michigan has also dropped over $200 Million dollars to build a full service studio, larger than EUE/Screen Gems. This is being built in a state where the tax credit is now 40%.
In the fall, their tax credit will rise to 30% from 25%.
So again North Carolina will fall behind in the tax wars, seeing that we were fighting for 25% and before it even gets approved, other states are already advancing even higher.
As of RIGHT THIS MOMENT, there are 18 movies/tv shows in pre-production, production, and post production in Louisiana.
A producer in Michigan has also dropped over $200 Million dollars to build a full service studio, larger than EUE/Screen Gems. This is being built in a state where the tax credit is now 40%.
Views: 0
-
Comment by Sheila Brothers on July 3, 2009 at 11:58am -
Can you share a link where found this info, I know a bill was put into place, but I see nothing in news that comfirms it...thanx!
-
Comment by Michael J Roberts on July 3, 2009 at 3:15pm -
Sure thing!
http://www.wwl.com/Change-in-LA-film-tax-credit-yields-instant-result/4705779
Comment
© 2012 Created by StarNews Media.
Powered by
You need to be a member of WilmOnFilm Network to add comments!
Join WilmOnFilm Network