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Louisiana Film Allies Scramble to Save Tax Credit: ‘There's a Lot of Panic' [Yahoo! Finance]

Netflix, Inc. (NFLX) 
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Company Research Source: Yahoo! Finance
The state House of Representatives voted on Tuesday to sunset the $150 million program on June 30, 2025, as part of a tax reform package that lowers the state personal income tax to 3%. More from Variety Louisiana Moves to Eliminate $150 Million Film Tax Credit 'NCIS: New Orleans,' 'Filthy Rich' Showrunners Differ on Louisiana Abortion Law Fight Tactics (EXCLUSIVE) Big Tax Breaks and Solid Filming Infrastructure Lure Production to Louisiana The House voted again on Wednesday, 79-19, to pass a corporate tax cut. Both bills — HB 1 and HB 2 — include the phaseout of tax credits for the film industry, as well as for historic preservation and other activities. But after blowback from the local film community on Tuesday, several legislators said on the House floor that they will work with the state senate and the governor's office to preserve an incentive for entertainment. “There's a lot of panic about what we're doing here,” said Rep. Steven Jackson, a Democrat from Shrevep Show less Read more
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