SHREVEPORT, La. – Louisiana is a prime location for film and TV production in the country. Production studios are drawn in by the state’s Motion Picture Production Program (MPPP) which offers up to $180 million a year in tax credits.
Gov. Jeff Landry is calling for a third legislative special session in November to overhaul Louisiana’s tax system. The plan calls for restructuring and cuts to the MPPP and multiple other programs, which would ultimately end in June.
The Louisiana Department of Revenue found the economic return on investment for the film industry was a $1.60 per dollar spent in 2023. A study from the Louisiana Economic Development says the state’s additional tax revenue was only 39 cents per dollar spent in the same year…