Louisiana Preserves Film Tax Credit With $25 Million Reduction

State lawmakers voted to lower the annual cap on production incentives while maintaining refundability and supporting local economic benefits.

The Louisiana Senate and House approved lowering the annual cap on film and TV tax credits from $150 million to $125 million, sending the bill to Governor Jeff Landry for signature.
The program, which supports 10,000 jobs and generates $1 billion in annual economic activity, was initially at risk of elimination as part of broader tax reforms.
Refundability of the credits, a key feature for out-of-state production companies, was preserved after facing potential removal earlier in the legislative process.
The decision to maintain the credit reflects Louisiana’s ongoing effort to remain competitive in the film production industry, following states like Georgia, Arizona, and New York with robust incentive programs.
Local advocates, including Film Louisiana, praised the move, emphasizing the credit's role in fostering community development, tourism, and cultural storytelling.