Louisiana Administrative Code
Title 61 - REVENUE AND TAXATION
Part I - Taxes Collected and Administered by the Secretary of Revenue
Chapter 16 - Louisiana Entertainment Industry Tax Credit Programs
Subchapter A - Motion Picture Production Tax Credit Program
Section I-1601 - Purpose
Universal Citation: LA Admin Code I-1601
Current through Register Vol. 50, No. 9, September 20, 2024
A. The purpose of this Chapter is to implement the Motion Picture Investor Tax Credit Program as established by R.S. 47:6007.
B. This Chapter shall be administered to achieve the following:
1. to encourage
development of a strong capital and infrastructure base within the state for
the motion picture and related industries;
2. to achieve a self-supporting, independent,
indigenous industry; and
3. to
encourage development of state of the art motion picture production and
post-production facilities:
a. in the
short-term, to attract private investors in state-certified productions and
state-certified infrastructure projects;
b. in the long-term, to encourage the
development of a skilled state workforce trained in the film and video
industry.
C. This Chapter shall apply to any person:
1.
claiming a credit;
2. transferring
or selling a credit; or
3.
acquiring a credit under this program.
AUTHORITY NOTE: Promulgated in accordance with R.S. 47:1125.1.
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