Louisiana spares its lucrative film tax credit, trimming the annual cap instead of eliminating it altogether.
beat sheet
The state will reduce the annual tax credit cap by $25 million, down to $125 million, instead of scrapping the program entirely.
Insiders say the move is a win for Hollywood studios that have flocked to Louisiana in recent years, drawn by one of the nation's most generous film incentive packages.
Louisiana spares its lucrative film tax credit, trimming the annual cap instead of eliminating it altogether.
beat sheet
The state will reduce the annual tax credit cap by $25 million, down to $125 million, instead of scrapping the program entirely.
Insiders say the move is a win for Hollywood studios that have flocked to Louisiana in recent years, drawn by one of the nation's most generous film incentive packages.