Monday, June 8, 2009

Caddo passes film tax incentives by Drew Pierson

Just as Shreveport did recently, Caddo passed tax incentives Thursday for film and media companies who do work in the parish.

"I think it's a great idea. ... It's something for young people to be excited about," said District 5 Commissioner Sam Jenkins Jr., of Shreveport.
First-time movie and media companies in the area can receive up to $20,000 in tax incentives for doing work in Caddo and up to $22,000 each time that company comes back. Each company must spend at least $75,000 per production.
"The reason why we want to do tax incentives for the movie industry is that nothing ventured is nothing gained," said District 4 Commissioner Matthew Linn, of Shreveport.
Caddo's tax incentives are the latest salvo in a bid for local governments to lure and maintain movie and media companies enticed by the state's tax incentives to spend their money in northwest Louisiana. Shreveport just approved incentives that offer $150,000 to $175,000 per project for movies, TV shows and commercials with budgets of at least $300,000.

By Drew Pierson • • June 5, 2009

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