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The 4Ps program now operates in 17 regions, 79 provinces and 1,484 municipalities and 143 key cities covering 4,090,667 household beneficiaries as of June 25, 2014. The measure, which institutionalizes the 4Ps cash transfer program, was principally authored by Senator Leila de Lima, [4] and co-authored by Senator Risa Hontiveros. [5]
Accounting for production spending going to in-state people and businesses versus out-of-state people and businesses, the film tax credit program resulted in $32.6 million in new spending for the Massachusetts economy. The film tax incentive program generated additional Massachusetts state GDP of $168.5 million and personal income of $25.2 million.
The committee also rolled back a corporate income tax cut from a 3.5% tax rate adopted by the House to a 6% rate, not as generous as the House, but still lower than the existing top rate of 7.5%.
The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
The aim is to bolster Louisiana's competitiveness and attract economic investment, though some longstanding business tax incentives, like the Quality Jobs program and Enterprise Zone tax credits ...
District A Shreveport City Councilwoman Tabatha Taylor says the tax credit is the key component to the city's growing film industry.
First, the Investor Tax Credit provides a 30% tax credit on qualified motion picture expenditures with no project or program cap. Second, the Labor Tax Credit provides a 5% credit for payroll expenditures on Louisiana residents. [11] This program not only encourages residents to film in Louisiana but also employ Louisiana residents. [12] To ...
The state House of Representatives voted on Tuesday to sunset the $150 million program on June 30, 2025, as part of a tax reform package that … Louisiana Film Allies Scramble to Save Tax Credit ...