New president of LFEA seeks to remove cap on film tax credit program
Posted on 9/17/2015 3:52:00 AM.

The new president of the Louisiana Film and Entertainment Association is eager to work with the new governor and legislature on removing or altering the current 180-million dollar cap that was put on the state’s film tax credit program this year. Robert Vosbein, CEO of the Silver Screen Group, took over for Will French and says his message to policy makers will be that thousands of jobs are at stake.

“We need to show these guys how critical this industry is to the state and they can’t continue to look at this as an expense item in the budget, they have to look at it as a job creator.”

Vosbein says he’s very concerned, because the state of Georgia has a similar film tax credit program and is getting a lot of Louisiana’s business because our state has a cap on the number of credits redeemed.

“People that have come here from all parts of the country to work in our industry are now seeing that we don’t have the jobs, we don’t have the production, so they’re switching over to Georgia. We’ve got to stop that.”

Vosbein says raising the cap would be a step in the right direction but doesn’t really think we need to have it at all.

"It’s really not the expense that should be the analysis, it’s not costing the state very much at all and it’s a very suitable investment just like the investment they make in oil and gas.”

 
 
 
Louisiana Film and Entertainment Association, Robert Vosbein, Silver Screen Group, film tax credit program cap

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