Film Tax Credit and and Filming in Louisiana - Business

While Louisiana may provide a relatively good deal in its -30% transferable Louisiana film tax credit for total and state expenditures related to the production of a motion picture, there exist a few significant disadvantages in shooting there compared to other states. Numerous filming locations within the United States provide various rewards to production companies, actors, directors, as well as staff members. One of the most significant incentives these days, however, extends past creativity and practicality, and this incentive is available in the form of film tax credit.While tax incentives generate economic benefits to that specific state, secondary economic advantages also take place. One example is film induced tourism or FIT. However, Louisiana is home to many films, which haven't increased or even experienced movie induced tourism. Many other states nearby have both tax incentives and also have been observing film induced tourism within the past 10 years like Geor gia and North Carolina. Though seemingly perfect for a production with a non-urban or suburban setting, Louisiana is incredibly recognizable and does not have that "Anywhere, USA" adaptability that other cities say Atlanta or Wilmington have. In contrast to Louisiana, North Carolina has beaches that are similar to that of California, minus the steep Hollywood production cost. In addition, travel in and out of Louisiana, particularly New Orleans, is not easy, especially since Hurricane Katrina's destruction and the resulting infrastructural failures. Once again, Atlanta provides a very good alternative to Louisiana, as Atlanta hosts the busiest airport in the country and provides extremely adaptable travel arrangements that any production officer may need. Not to mention, EUE/ Screen Gems, a well-known film and tv production company, are conveniently located 6 miles from Atlanta's Hartsfield- Jackson Atlanta International Airport.Louisiana has been hit hard by the recent rece ssion and natural disasters, forcing a number of locals to move somewhere else. The output of the labor force has proved to be damaging to the movie industry as many workers are now working for other companies not based in Louisiana. With no convenient airport close by and a work force that's been reducing within the past couple of years, the movie industry in Louisiana isn't what it used to be. Even though major movies have been shot there, they're mostly computer animated and television shows are leaning more towards the production sites in North Carolina and Georgia. In fact, EUE/ Screen Gems is currently home to more than 9 tv programs this year, including a 9th Season of "One Tree Hill" which is presently being shot in Wilmington, North Carolina.It's very essential to offer a flexible location for filming when selecting production studios to work with. As stated earlier, although Louisiana may offer cost-effective alternatives by means of extensive tax incentives, it do es not offer a convenient city location for filming. While New Orleans is definitely an entertaining area full of culture, it is unique and identifiable, and truly can't be used when looking for a "generic city" type feel.

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