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La. spent $800M on film tax credits over 5 years

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BATON ROUGE, La. (AP) — Louisiana shelled out $800 million over the last five years in tax breaks for the movie industry, according to an audit released Monday that suggests the state gets back little in direct revenue for the expense. For example, the review by Legislative Auditor Daryl Purpera's office said, the state spent $197 million tax credits for production projects in 2010 and received...

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