Louisiana Guv Signs Game Biz Tax Breaks Into Law

July 10, 2009 -

Louisiana Gov. Bobby Jindal (R) has signed into law a package of tax breaks designed to bolster video game production in the state, according to the Associated Press.

Jindal also approved several other bills providing tax breaks to non-game related sectors. While some critics have questioned the wisdom of giving up state tax revenue in a troubled economy, Jindal referred to the incentives as "critical tools":

By signing these bills, we're ensuring that we not only have the ability to remain economically competitive, but that we can continue to move our state forward by making Louisiana the greatest place in the world to find a great paying job and raise a family.

A press release on Gov. Jindal's website offers a bit of information on the video game bill:

SB 277 by Sen. Ann Duplessis is similar to Governor’s package bill HB 457, which extends and expands the Digital Interactive Media Tax Credit by permanently extending and increasing the credit by 5 percent creating a single rate of 25 percent of expenditures plus an additional 10 percent for Louisiana resident payroll expenditures (35 percent total credit for resident payroll). The bill also expands the definition of digital media to include technology companies.

UPDATE: Game publishers lobbying group ESA issued a press release praising Jindal for signing the tax break into law. ESA boss Mike Gallagher's commented:

We commend Governor Jindal for his strong leadership as well as that of Senator Duplessis for expanding the state’s computer and video game development and production base, and helping lead the way in creating the next generation of entertainment innovation in Louisiana.

 

Developers and publishers live and work for years in states where games are created, providing a higher return on investment than any form of entertainment.


Comments

Re: Louisiana Guv Signs Game Biz Tax Breaks Into Law

Awesome, all the people who complain about these sorts of things don't understand how economics work. A state that hoards everything it has and doesn't give out any incentives for new businesses to grow/move to their state is not going to do very well.

Have these people never heard "you have to spend money to make money"? 

Re: Louisiana Guv Signs Game Biz Tax Breaks Into Law

I guess we can add this guy to the list of participants in the "Take Two Homosexual Consp1racy".

Re: Louisiana Guv Signs Game Biz Tax Breaks Into Law

Wow, from banning to "HAY GUIZ!" in record time.

---You are likely to be eaten by a Grue.

---You are likely to be eaten by a Grue.

Re: Louisiana Guv Signs Game Biz Tax Breaks Into Law

It's all a matter of numbers. If you attract enough business BECAUSE of the tax breaks you'll more than offset the loss of revenue from each business by the aggregation of all the businesses. It's a gamble, but it could pay off.

Re: Louisiana Guv Signs Game Biz Tax Breaks Into Law

Oklahoma needs to step up their game now.

E. Zachary Knight
Oklahoma City Chapter of the ECA
http://www.theeca.com/chapters_oklahoma

 
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prh99No, but I looked it up and it's basically spyware. Their privacy policy says their apps tracks among other things your location and browsing habits via cookies.02/28/2015 - 8:20am
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Matthew Wilsonthey are not linked in a way that tracks purchases though. the fact that they have to send a code for the other system shows that they are not linked in the way it counts.02/27/2015 - 9:39pm
Andrew EisenAccounts are already linked. Have been for quite a while. Also, Mario vs. Donkey Kong was announced as a cross-buy title during last January's Nintendo Direct.02/27/2015 - 9:25pm
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prh99http://www.romanoriginals.co.uk/invt/70931?colour=Blue The dress does comes in white and blue but both have black lace and a sheer back top, I don't see gold or brown. 02/27/2015 - 8:54pm
ZippyDSMleeDungeons was a so bad so good game to me so I been keeping up with its sequel which will more of a Dungeon Keeper clone. As for pre order out of 7 preorders I was not burnt by 2... Add my contempt of most of modern game design.Ya I have all kinds of hurt.02/27/2015 - 8:40pm
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ZippyDSMleeFun? I can do fun…. I think LOL. Dungeons 2 is on preorder but not via steam... >> Hell I am breaking all kinds of personal butthurt rules to even THINK about pre order...02/27/2015 - 8:12pm
E. Zachary KnightHad some fun discussions about that dumb dress on Facebook. I opened the original picture in GIMP and sampled the colors and determined them to be Blue and Gold. People still say I am wrong.02/27/2015 - 7:41pm
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