50 Cent Praises Louisiana’s Decision to Keep Film and TV Tax Incentives
50 Cent’s plan to launch TV studios in Louisiana has been revived after the uncertainty surrounding Louisiana’s tax incentives for the film industry was resolved.
On Tuesday (November 19), the music and media mogul took to Instagram to celebrate the Louisiana Senate Committee’s decision to preserve the state’s film and TV tax credits. This ruling came after the Louisiana House of Representatives had previously passed a bill, in an 87-12 vote, that included the removal of those tax incentives.
The debate was sparked by Republican Governor Jeff Landry, who proposed changes to Louisiana’s tax codes after his 2023 gubernatorial victory. Before the final vote, 50 Cent shared his anticipation on social media, hinting at his anxiety over the outcome. In his latest post, he admitted to “sweating” during the process but expressed relief and satisfaction with the Senate’s decision to maintain the incentives.