Senate approves bill to revamp film tax credit program
Posted on 5/18/2017 5:33:00 AM.

A Senate-approved bill seeks to revamp the state’s film tax credit program. The proposal by New Orleans Senator JP Morell would place a $180 million front-end cap on the program for the next three years and then the cap goes down to $150 million. He says if the legislature chooses not to renew the program, it would go away. 

JP Morrell, Conrad Appel, film industry, tax credits

Bill that eliminates education tax credit moves to Senate floor
Posted on 4/18/2017 3:37:00 AM.

As lawmakers look at structural tax reform, a big idea floating around the capitol involves eliminating unnecessary tax exemptions. A bill by New Orleans Senator JP Morrell that would do just that is heading to the Senate floor. The proposal would scrap the education tax credit that parents or guardians are able to claim.

JP Morrell, taxes, tax credits, education, TOPS,

Department of Revenue announces limit reached on state solar energy tax credit
Posted on 7/20/2016 11:55:00 AM.

The State Department of Revenue has announced that the Louisiana solar energy tax credit program has already reached its limit. The LDR says consumers buying residential solar energy systems from this point on should not expect to receive any tax credits from the state.

The State Department of Revenue, Solar Alternatives, Jeff Cantin, tax credits, solar

Leger supports film leader's request for Jindal to veto film tax credit cap
Posted on 6/17/2015 1:04:00 PM.
State film leaders are urging Governor Bobby Jindal to veto legislation that would cap the state's film tax credit at $180 million.  The bill puts a cap on the redemption of film tax credits, but does not limit how many tax credits can be issued.  
Film Industry, tax credits, Walt Leger, veto

Is the new film tax credit cap unconstitutional?
Posted on 6/15/2015 3:28:00 AM.
The state legislature passed a measure capping the amount of the state's film tax credit program at 180-million dollars, but some believe the bill is unconstitutional.  Louisiana Film and Entertainment Association President Will French says the legislation doesn't address the issuing of film tax credits, but the redemption of those credits.  
Louisiana, film, industry, tax credits, Will French

Business community and film industry not happy with the final result of the session
Posted on 6/12/2015 1:11:00 PM.
Louisiana Association of Business and Industry President Stephen Waguespack says lawmakers approved 2.5 billion dollars in tax increases on businesses over the the next five years on the final day of the legislative session. One of the bills reduces the inventory tax credit businesses receive and Waguespack says shoppers will notice.
Louisiana legislature, film industry, Stephen Waguespack, Patrick Mulhearn, tax credits

State film industry concerned about committee changes to tax credit bill
Posted on 6/4/2015 12:12:00 PM.
Officials with the "Hollywood South" movie industry are apprehensive about changes made by the Senate Finance Committee to a bill that reforms the film tax credit program.  The committee lowered the cap for film tax credits from $200 million to $180 million.  
Louisiana, film, industry, tax credits, Sherri McConnell

House to vote on several budget issues today
Posted on 5/7/2015 3:46:00 AM.
Today is decision making day for House leaders as they will vote on what changes to make when it comes to tax hikes and scaling back incentives in order to balance the state's budget. Publisher, Jeremy Alford, says this entire legislative session is about the budget and filling a $1.6 billion shortfall.  
Louisiana, House of Representatives, budget, taxes, tax credits, Jeremy Alford

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