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-1603 - General Description
Universal Citation: LA Admin Code I-1603
Current through Register Vol. 50, No. 9, September 20, 2024
A. The program offers two distinctive incentives: production and infrastructure.
1. Production
a. If the total base investment exceeds
$300,000, each investor shall be allowed a tax credit based upon their
investment as follows:
i. for state-certified
productions initially certified on or after January 1, 2004, but before January
1, 2006:
(a) a 10 percent tax credit, if the
total base investment is more than $300,000 and less than $8,000,000;
(b) a 15 percent tax credit, if the total
base investment is more than $8,000,000.
ii. a 25 percent tax credit for
state-certified productions initially certified on or after January 1, 2006,
but before July 1, 2009;
iii. a 30
percent tax credit for state-certified productions initially certified on or
after July 1, 2009.
b.
An additional payroll tax credit shall be allowed for any base investment
expended on behalf of employing Louisiana residents on state-certified
productions as follows:
i. a 10 percent tax
credit for state-certified productions initially certified before July 1, 2009;
or
ii. a 5 percent payroll tax
credit for state-certified productions initially certified on or after July 1,
2009.
2.
Infrastructure
a. If the total base
investment exceeds $300,000, each investor shall be allowed a tax credit based
upon their investment as follows:
i. a 40
percent tax credit for state-certified infrastructure projects, for which
applications for initial certification were received by the office and the
department prior to January 1, 2009:
(a). for
applications received before August 1, 2007, there shall be no per project cap
on tax credits, except as otherwise provided by the terms of the initial
certification;
(b). for
applications received after August 1, 2007, the total tax credit allowed for a
state-certified infrastructure project shall not exceed $25,000,000 per
project.
B. Investor tax credits shall be transferable under the following conditions.
1. Tax credit
shall be earned by investors at the time expenditures are made in a
state-certified production or state-certified infrastructure project.
2. Credits become transferable only after
final certification of expenditures.
AUTHORITY NOTE: Promulgated in accordance with R.S. 47:1125.1.
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