Saturday, June 11, 2011

Learn More About The Louisiana Film Tax Credit

By George Harris


While Louisiana may offer a seemingly good deal in its -30% transferable incentive for total and state expenditures related to producing a motion picture, there can be found a few significant disadvantages in filming there compared to other states.

While tax incentives induce economic advantages to that particular state, secondary economic benefits also take place. One example is movie induced tourism or FIT. However, Louisiana hosts hundreds of films, all of which haven't increased or even experienced film induced tourism.

Many other states close by have both tax incentives and also have been observing movie induced tourism within the past 10 years such as Georgia and North Carolina. Although relatively perfect for a production that has a non-urban or suburban setting, Louisiana is very identifiable and does not have that "Anywhere, USA" adaptability that other cities say Atlanta or Wilmington have. Unlike Louisiana, North Carolina has beaches that are comparable to that of California, without the steep Hollywood production cost. Also, travel in and out of Louisiana, particularly New Orleans, just isn't a piece of cake, especially since Hurricane Katrina's destruction and the resulting infrastructural failures. Again, Atlanta gives a very practical substitute for Louisiana, as Atlanta hosts the busiest airport in the country and offers very flexible travel arrangements that any production officer could require. Plus, EUE/ Screen Gems, a famous film and tv production company, are conveniently located 6 miles from Atlanta's Hartsfield- Jackson Atlanta International Airport.

Louisiana has been struck really hard by the latest economic depression as well as natural disasters, forcing many inhabitants to relocate in other places. The outflow of the work force has proved to be damaging to the film industry as many workers are now earning a living for other companies not based in Louisiana. With no convenient airport nearby and a work force that's been reducing within the past number of years, the movie industry in Louisiana isn't what it used to be. Even though huge movies have been filmed there, they're mostly computer animated and television shows are leaning more on the production sites in North Carolina and Georgia. Actually, EUE/ Screen Gems is now home to more than 9 tv programs this year, which includes a 9th Season of "One Tree Hill" that is currently being shot in Wilmington, North Carolina.

It is very essential to offer a versatile location for filming when choosing production studios to work with. As mentioned earlier, although Louisiana may provide cost-effective options through extensive tax incentives, it doesn't provide a convenient city location for filming. While New Orleans is definitely an exciting place full of culture, it's unique and recognizable, and really can't be used when searching for a "generic city" type feel. For that reason, if a film or television show needs urban scenes, it is likely that they'll have to travel to a close convenient city, raising production expenses with transportation expenses for stars, staff, as well as crew. This hassle looks avoidable when EUE/Screen Gems production studios in Wilmington, North Carolina and Atlanta, Georgia have the 2 biggest stages eastern side of California.




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