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La. House declines extension of film, TV subsidy program


La. House declines extension of film, TV subsidy program
The Louisiana House has declined to extend by three years the sunset for the state’s $180 million annual film and TV subsidy program.
Senate Bill 173 by Slidell Republican Sen. Sharon Hewitt calls for extending the sunset from 2025 to 2028. The extension would give film producers a longer planning runway.
The state can issue up to $150 million in credits per year and pay out up to $180 million each year to support the film and TV industry. Projects qualify for the program through verified in-state spending and hiring. The state will buy back the credits for 90% of face value, which allows out-of-state producers with no state tax liability to take advantage. ....

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Does Louisiana's film industry need extension of state tax credit?


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A bill designed to keep creating movie magic in Louisiana cleared another hurdle during its first state House hearing Monday, moving the measure one step closer to passage.
Senate Bill 173 by Republican Slidell Sen. Sharon Hewitt, which would extend Louisiana s annual $180 million film tax credit program for three years through 2028, advanced from the House Ways and Means Committee.
This is an industry that requires a longer runway, said Hewitt, who has two movie and TV production studios in her southeastern Louisiana district. It can take three or four years to begin production of a movie and three or four years before that to greenlight the project. ....

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Film, TV subsidy extension advances


Film, TV subsidy extension advances
A Louisiana House committee approved a three-year extension Monday of the state’s $180 million annual film subsidy.
The program is scheduled to end in 2025. Senate Bill 173 by Sen. Sharon Hewitt, a Slidell Republican, would extend the sunset into the middle of 2028.
The state can issue up to $150 million in credits per year and pay out up to $180 million each year to support the film and TV industry. Projects qualify for the program through verified in-state spending and hiring.
Ways and Means Committee Chair Stuart Bishop said he had never seen so many green cards in support of a bill while he has led the committee. Supporters, many of whom wore stickers that said “film=jobs,” cheered when members approved the bill. ....

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