1. An application for initial certification
shall be submitted with an application fee of 0.5 percent of the estimated
total tax credits, with a minimum fee of $500, and a maximum fee of $15,000,
payable to the office, as required by
R.S.
36:104.
a.
All applications shall include information as required by
R.S.
47:6007(D)(2)(a).
b. In addition, the following program
specific information is required.
i.
Production:
(a). working title of the
production. Should the title change, the state-certified production needs to
inform the office as soon as that change is made;
(b). name of the requesting production
company;
(c). name, telephone
number, e-mail address and attesting signature of the requesting production
company's contact person;
(d).
approximate beginning and ending date of production in Louisiana;
(e). Louisiana office address;
(f). telephone number of requesting companys
Louisiana office address;
(g).
estimated total production-related costs of production;
(h). estimated total amount of
production-related costs to be expended in Louisiana;
(i). estimated total payroll to be paid by
the requesting production company to Louisiana residents employed by the
requesting production company in connection with the production;
(j). a preliminary budget including the
estimated Louisiana payroll and estimated in-state investment;
(k). a copy of script (including synopsis)
will be made available to OEID and subsequently returned to the
applicant;
(l). list of principal
creative elements such as principal cast, producer, and director; and
(m). facts sufficient for the office and the
department to determine each of the following:
(i). that the requesting production company
is a motion picture production company as defined in
R.S.
47:6007(B)(6);
(ii). that the requesting production company
is domiciled and headquartered in Louisiana; and
(iii). that the requesting production company
has either a viable multi market distribution plan or a signed distribution
agreement with either a major theatrical exhibitor, television network or cable
television programmer for distribution of the production.
ii. Infrastructure:
(a). working name of the infrastructure
project;
(b). name of the
requesting infrastructure company;
(c). name, telephone number, e-mail address
and attesting signature of the requesting infrastructure companys contact
person;
(d). approximate beginning
and ending date of construction in Louisiana;
(e). Louisiana office address;
(f). telephone number of requesting companys
Louisiana office address;
(g).
estimated total project-related costs or total costs associated with the
infrastructure project;
(h). a
preliminary operating budget including the estimated Louisiana payroll and
estimated in-stat e investment;
(i). a detailed business plan outlining the
exact proposed costs;
(j). total
number of jobs to be created by the infrastructure project.
c. Expenditure
Verification Report Fee. The department shall directly engage and assign a CPA
to prepare an expenditure verification report on an applicants cost report of
production or project expenditures. Applicants shall submit an advance deposit
at the time of application, and shall later be assessed the departments actual
cost based upon an hourly rate not to exceed $250, in the amounts set forth
below:
i. for applicants with project
expenditures greater than $50,000 but less than $300,000, an advance deposit of
$5,000, with a maximum fee of $10,000;
ii. for applicants with project expenditures
greater than $300,000 but less than $25,000,000, an advance deposit of $7,500,
with a maximum fee of $15,000;
iii.
for applicants with project expenditures greater than $25,000,000, an advance
deposit of $15,000, with a maximum fee of $25,000;
iv. if CPA actual costs exceed the advance
deposit, the applicant will be billed and LED will not issue any pending final
certification letter until receipt of any outstanding balance. Any unused
balance shall be refunded to the applicant within 60 days following receipt of
CPAs final invoice and payment of all CPA costs;
v. if at the time of application for initial
certification, the department is notified that post-production activities will
take place in Louisiana, and subsequently such activities are performed in
Louisiana, a supplemental request for certification of expenditures directly
relating to such post-production activity may be submitted. An advance deposit
fee of $7,500 shall be due at time of request for a supplemental verification
report, and applicant will again be liable for the actual costs subject to the
conditions set forth above.