Louisiana Film Tax Credit - Business

While Louisiana may provide a seemingly great deal in its -30% transferable incentive for full and state expenses related to producing a motion picture, there exist some major disadvantages in shooting there as compared to other states. While tax incentives induce economic gains to that particular state, secondary economic benefits also take place. An example is film induced tourism or FIT. However, Louisiana is home to countless films, all of which haven't increased or even experienced film induced tourism. Many other states close by have both tax incentives and have been witnessing movie induced tourism for the past 10 years like Georgia and North Carolina. Although seemingly ideal for a production that has a non-urban or suburban setting, Louisiana is very well-known and does not have that Anywhere, USA adaptability that other cities say Atlanta or Wilmington have. In contrast to Louisiana, North Carolina has shorelines that are similar to that of California, without th e steep Hollywood production cost. Additionally, travel in and out of Louisiana, particularly New Orleans, just isn't a piece of cake, especially since Hurricane Katrinas damage and the resulting infrastructural failures. Once again, Atlanta provides a very good substitute for Louisiana, as Atlanta hosts the busiest airport in the country and provides very adaptable travel arrangements that any production officer could need. Plus, EUE/ Screen Gems, a famous film and tv production company, are conveniently located 6 miles from Atlantas Hartsfield- Jackson Atlanta International Airport.Louisiana has been struck hard by the recent economic downturn as well as natural disasters, requiring a number of locals to move elsewhere. The outflow of the work force has proved to be detrimental to the film industry as many laborers are now working for other companies not in Louisiana. With no convenient airport nearby and a labor force that has been reducing within the last few years, the film industry in Louisiana isn't what it used to be. Although huge motion pictures have been filmed there, they are 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 over nine television programs this year, which includes a 9th Season of One Tree Hill that is currently being shot in Wilmington, North Carolina.It is extremely important to offer a flexible location for shooting when selecting production studios to work with. As stated earlier, although Louisiana may offer cost-effective options by means of extensive tax incentives, it does not offer a convenient urban location for filming. While New Orleans is definitely an entertaining place full of culture, it is unique and identifiable, and really can't be used when looking for a generic city type feel. For that reason, if a movie or television show needs urban scenes, it is likely that they will have to t ravel to a nearby convenient city, raising production costs with transportation fees for stars, staff, and crew. This hassle looks avoidable when EUE/Screen Gems production studios in Wilmington, North Carolina and Atlanta, Georgia have the two biggest stages east of California.

iAutoblog the premier autoblogger software