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-1617 - Louisiana Music
Universal Citation: LA Admin Code I-1617
Current through Register Vol. 50, No. 9, September 20, 2024
A. For state certified productions initially certified on or after July 1, 2015, with expenditures occurring on or after July 1, 2015, to be eligible for an additional 15 percent tax credit for music expenditures, an applicant company must meet the following criteria:
1. services
performed in Louisiana-music expenditures were for services performed in
Louisiana, with job titles such as composer, songwriter, performer, musician,
sound designer, arranger, producer. The purchase of a preexisting musical work
from a procurement company will not qualify; and
2. Louisiana copyright ownership-must be able
to prove that the sound recording copyright or musical copyright is either:
a. owned in whole or in no part less than 25
percent by a Louisiana resident or residents, or
b. owned by a company headquartered in the
state, with a majority ownership (51 percent+) of Louisiana
residents;
c. the purchase of a
copyright from a procurement company will not qualify.
AUTHORITY NOTE: Promulgated in accordance with R.S. 47:6007
Disclaimer: These regulations may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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