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Louisiana will purchase tax credits

Posted 29 November, 2009 in LA News

LOUISIANA (as advised by Incentives Office) – the state is now offering to purchase certified film tax credits at 85 cents; as a result, producers are reporting that banks and other lenders are able to advance at higher rates. Louisiana has no caps on talent or per production and is poised for a banner 2010 with TNT’s series “Delta Blues,” “The Green Lantern,” “Drive Angry,” “Black Butterfly,” and another season of HBO’s “True Blood” all planned to shoot in the state. The newest stage, Second Line Studios, plans to open in New Orleans in January 2010.



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