|Sent on:||Wednesday, March 27, 2013 11:58 PM|
FROM LOUISIANA FILM & ENTERTAINMENT ASSOCIATION:
Governor Jindal unveiled his plan to eliminate Personal Income, Corporate Income and Franchise Taxes in the upcoming legislative session. The administration has not yet filed an official bill, but instead have offered a draft bill that outlines the Tax Swap Program. As a part of his larger package to eliminate income, corporate and franchise taxes, the Governor has also suggested changes to the film program.
How do these changes impact the film industry?
• Impose a salary cap of $1 million for above-the-line talent.
• Exclude financing fees from the cost basis
• Increasing the current state sales tax rate from 4% to 5.88% and include services.
If passed by the legislature, these changes will have a dramatic impact on the entertainment industry in Louisiana.
Click https://www.votervoice.net/LIFE/Campaigns/31372/Respond , Read and Follow Directions to urge Governor, State Senator, State Representative not to change.
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