Louisiana film industry focuses on reforming film tax credit law

Louisiana film industry focuses on reforming film tax credit law

BATON ROUGE, LA (WAFB) - A group representing most of the Louisiana film industry said that it will focus on reforming the film tax credit law instead of filing a lawsuit.

The new law was passed in the closing hours of the legislative session that ended in June. Starting July 2015, the law caps the film tax credit at a maximum of $180 million during each of the next three fiscal years.

The Louisiana Film Entertainment Association won't sue because of the way the law has been interpreted by the Governor Jindal's administration.

The group is hoping to amend the law before the $180 million cap is reached.

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