on Apr 20, 2015
HR&A Study Shows the In-State Benefits of the Louisiana Motion Picture Investor Tax Credit
In April 2015, HR&A released an economic and fiscal impact analysis of the Louisiana State Motion Picture Investor Tax Credit, on behalf of the Louisiana Film and Entertainment Association (LFEA) and the Motion Picture Association of America, Inc. (MPAA). The analysis examined the dramatic growth of the motion picture and television industry in the state since the launch of Credit in Louisiana in 2002. From 2002 to 2013, total Louisiana motion picture and television production employment increased by over 5,000 jobs, with estimated full Credit Year 2013 production spending comprising over $1 billion.
Overall, in 2013, including both production spending and visitor spending attributable to motion picture- and television- induced tourism, the Credit supported up to 33,520 jobs in Louisiana across all industries, generating up to $1.2 billion in personal income and up to $4 billion in economic output in Louisiana. In particular, production spending supported 10,800 jobs, generating $470 million in personal income and $1.6 billion in economic output in the state, while visitor spending attributable to motion picture- and television- induced tourism in the state supported up to 22,720 jobs in Louisiana, generating up to $767 million in personal income and up to $2.4 billion in economic output. The tourism impacts are based on a survey of 1,381 recent visitors to Louisiana conducted by HR&A and Federated Sample, which found that 14.5% of domestic, out-of-state, leisure visitors can be considered motion picture- and/or television- induced tourists.
The study has been widely covered in the press, as the Louisiana State Legislature plans to review the Credit in its upcoming session. Read more about the study on Eyewitness News, The Times-Picayune, The Hollywood Reporter, and Variety.
Read the study here.