$1 in Entertainment Tax Credits Costs $4.48. Cajun Math.

A new study on Louisianna Entertrainment tax Credits revealed that for every $1 the state kicks into the programs, it costs the state $4.48.

The incentive programs involved were the:

• Film Production
• Sound Production
• Live Performance Production
• Film Infrastructure
• Sound Recording infrastructure
• Live Performance Infrastructure 

The report conducted by Loren C Scott & Associates also found:

• State spending on these programs is decreasing
• The cost per job is between $6,983 and $14,157 per job in 2014
• Low return on investment for big name projects, because the big names are not Louisiana residents

Recommendations for the entertainment incentive program are:

• “removing qualification for the programs for some expenses like finance fees, air fare and interest payments”
• “improving the quality of independent application audits, which area already mandated by the programs; “
• ” automating the application process for film expenditure reviews.”   

NOLA.com