LOUISIANA GIVES GAME DEVELOPERS SOME CREDIT

The Louisiana Senate has a passed a bill which will grant tax credits to video game and interactive entertainment companies who establish a business in the state.  Bill 341 gives a credit of 10 percent of state income tax for companies investing between $300,000 and $8 million in a state-based business; higher investments will get a 15 percent credit.

Louisiana created a similar scheme for the movie industry in 2004 and saw some immediate success, as several movies were made in the state. Whether tax credits for video game developers will have the same success will be seen once the bill becomes law.

Coverage at http://shorl.com/gejagryjyperu

Bill Information at http://shorl.com/digragrulemuky