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Fw: Fwd: Audit: Film tax credit program had negative fiscal impact

From: Susie L.
Sent on: Tuesday, April 30, 2013 9:18 AM


----- Forwarded Message -----
From: Christopher C. Brown <[address removed]>
To: Susie Labry <[address removed]>
Sent: Tuesday, April 30,[masked]:11 AM
Subject: Fwd: Audit: Film tax credit program had negative fiscal impact

Susie, this is the MOST IMPORTANT PART OF THIS STORY. I HAVE HIGHLIGHTED AND BOLDED THIS FOR EVERYONE TO SEE! TOTAL VALUES OF GOODS AND SERVICES ACROSS ALL INDUSTRY SECTORS IS THE ONLY REAL MEASUREMENT WE NEED! HOW CAN ANY OTHER ECONOMIC ACCOUNTING THAT DOESN'T FACTOR THESE STATISTICS IN BE CONSIDERED LEGITIMATE?! 

http://www.nola.com/politics/index.ssf/2013/04/state_auditor_says_film_tax_cr.html#incart_river

"Still, the auditor's report offered some bright spots. It found that the overall economic output of the Motion Picture Tax Credit program, meaning the total value of goods and services produced across all industry sectors, including jobs, materials and supplies that were purchased and spikes in restaurant and retail revenues, was positive.
A consultant's economic impact analysis in 2011 pegged the credit's economic output at about $5.40 for every $1 of credit awarded in 2010."


On Mon, Apr 29, 2013 at 1:01 PM, km9000 <[address removed]> wrote:
Whats a good one sentence reply to emails like this?  Something about the numbers of dollars and jobs it brings...
---------- Forwarded message ----------
From: "Kimbrough, Walter M (Dr.)" <[address removed]>
Date: Apr 29,[masked]:55 PM
Subject: Audit: Film tax credit program had negative fiscal impact
To: "Morris, Keith A" <[address removed]>, "Clark, Cortheal (Mr.)" <[address removed]>
Cc:

Audit: Film tax credit program had negative fiscal impact
Audit finds positive return on investment, negative fiscal impact
 
Published  8:55 AM CDT Apr 29, 2013
 
 
 
BATON ROUGE, La. —The Legislative Auditor's Office released a report Monday finding the state's Motion Picture Tax Credit Program had a negative fiscal impact on the state government.
 
"While the economic output of the program is positive and shows the industry is growing, the direct cost, or fiscal impact, to the state government is negative," the report said. "The result is a net cost to the state government of $169.8 million for calendar year 2010."
 
According to the same analysis, the economic output from the program equaled nearly $6 for every dollar credit doled out.
 
The Motion Picture Tax Credit Program, or MPTC, has grown significantly in recent years. From 2008 to 2012, the amount of money in credits granted increased by 94 percent, according to the report.
 



--
Sincerely,
Christopher C. Brown
J.D. Candidate, 
Loyola University New Orleans College of Law

holding his rabbits    NOFS    LIFE     Madchen    GoTards!   
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"There are more things in heaven and earth, Horatio, than are dreamt of in your philosophy." - Shakespeare

CONFIDENTIALITY NOTE: The information contained in this email message is legally privileged and confidential information intended only for the use of the individual or entity to whom it is addressed. If the reader of this message is not the intended recipient, you are hereby notified that any dissemination, distribution or copy of this message is strictly prohibited. If you have received this email in error, please immediately notify me by telephone, fax, or email and delete the message. Thank you.



--
Sincerely,
Christopher C. Brown
J.D. Candidate, 
Loyola University New Orleans College of Law

holding his rabbits    NOFS    LIFE     Madchen    GoTards!   
Linkedin    Facebook    Google+    Youtube    Vimeo    Blogspot    

"There are more things in heaven and earth, Horatio, than are dreamt of in your philosophy." - Shakespeare

CONFIDENTIALITY NOTE: The information contained in this email message is legally privileged and confidential information intended only for the use of the individual or entity to whom it is addressed. If the reader of this message is not the intended recipient, you are hereby notified that any dissemination, distribution or copy of this message is strictly prohibited. If you have received this email in error, please immediately notify me by telephone, fax, or email and delete the message. Thank you.


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