Louisiana Economic Development Secretary Stephen Moret says the Jindal administration want to make the film tax credits work better for Louisiana. For example, he asks, why should Louisiana taxpayers subsidize credits claimed for an out-of-state actor's salary?
"We know, except in very rare instances, the vast majority of that money doesn't get spent in Louisiana, it gets spent in California or New York," Moret told WWL's Garland Robinette.
But Will French of Film Production Capital says the proposal from the governor's office, to put a cap on some credits, would cost Louisiana business -- to many state that have copied Louisiana's success with the current form of the film tax credit:
"If we were to impose a $1,000,000 above-the-line cap, then those big productions that come here would all of the sudden not come here any more." said French. "They would go to the states without the cap because they would go to where they get the most return on their investment."
Actor Brian Batt is certain the state would lose business.
"If there's too much limitation put on these incentives, a lot of this industry will go elsewhere," he said.
Click here to listen to Garland's discussion with Stephen Moret, Will French, Brian Batt and others.
A recent legislative audit found that the tax credit program costs the state treasury hundreds of millions of dollars in lost tax revenue, but critics of the audit say it doesn't take into consideration the jobs created by the film industry -- jobs they say would vanish without the tax credits.