50 faces huge hurdle in his Shreveport TV studios plans
50 Cent has been planning to establish his G-Unit Film and TV Studios in Shreveport but his dream may not materialize as expected. This is because of the introduction of a bill that seeks to change Louisiana’s tax policies on credits given for film making. The state is likely to do away with a policy that grants a 40% rebate on the costs incurred in film and TV productions within the state.
On Wednesday (November 13), the House of Representatives voted to terminate the tax credit scheme before June 2025 as part of the sweeping reforms of the tax system. The bill is now before the Senate, and although the vote has not been set, it is expected soon.
The credit scheme was one of the things that attracted 50 Cent to Shreveport. “This doesn’t feel good but it could be great for Louisiana, patience let’s see how it plays out,” Fif’ wrote on Instagram about the news.
“I know people in Shreveport are sick right now, stay positive everything happens for a reason. I want to thank you for supporting me with Humor Harmony having zero violent crimes for 16 days, believe it or not that made that event one of my biggest accomplishments.”