Louisiana Film Incentive Saved, With $25 Million Cut, in State Budget Deal [Yahoo! Finance]
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The state Senate voted 38-1 on Friday to lower the cap on the program from $150 million to $125 million. The House of Representatives concurred on a vote of 90-9, sending the bill to Gov. Jeff Landry for his signature. More from Variety Louisiana Senate Committee Votes to Keep Film Tax Credit While Lowering Cap to $125 Million 50 Cent Plays Surprise Set at Pop-Up Shop in New York 'TikTok Star Murders': How the Doc Got Audio of the Grisly Killing and Brought on 50 Cent as a Producer Landry called a special session to adopt a sweeping reform to the state's tax structure, in a bid to reverse a decline in population. The governor's plan called for lowering corporate and personal income taxes while partially offsetting the cost by eliminating a broad range of exemptions and credits. “The goal is to lower the rates, make them flat,” Sen. Franklin Foil said on the Senate floor on Friday. “If we can lower the rates for everyone and treat everyone the same, it will make our state
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