Audit: Film tax credit program has negative impact on Louisiana - WAFB 9 News Baton Rouge, Louisiana News, Weather, Sports

Audit: Film tax credit program has negative impact on Louisiana

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BATON ROUGE, LA (WAFB) -

According to a newly released report, Louisiana's film tax credit program actually has a negative impact on the state.

The Louisiana legislative auditor said for every $1 in tax credits, the program generated almost $5.50.

However, once you factor in the fiscal impact, the state government is actually left with a net cost in the millions.

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