A Louisiana Senate committee voted Tuesday to keep the state’s tax incentive for film production while reducing the cap on the program by $25 million, the USA Today network reports.
The Senate Revenue and Fiscal Affairs Committee voted Tuesday to continue the film tax credit, adjusting the cap downward from $150 million to $125 million, effective in 2025.
The House of Representatives voted last week to ax the tax credit.
Lawmakers added a provision to the amendment, which stipulates that any remaining balance of $125 million or less would roll over into the following year.
