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 B - Motion Picture Production Tax Credit Program-Qualified Entertainment Company Payroll Tax Credit Program
Section I-1626 - QEC Application Review and Qualification Determination
Universal Citation: LA Admin Code I-1626
Current through Register Vol. 50, No. 9, September 20, 2024
A. Application Review
1. When determining which applicants may
qualify, the office and the secretary shall consider a number of discretionary
factors, including but not limited to:
a.
entertainment business type:
i. eligible
business types- may include but not be limited to;
(a). visual effect companies;
(b). entertainment business back-office
support
ii. ineligible
business types- may include but not be limited to:
(a).
telecommunication;
b. number and payroll of current and proposed
new jobs;
c. location of facility
that will be the project site;
d.
number and location of similar entertainment business facilities in
Louisiana;
e. business history,
i.e. start-up company or track record of established business;
f. the impact of the business on the overall
economy of the state;
g. conviction
for a criminal offense related to obtaining or attempting to obtain tax
credits;
h. availability of tax
credits in any given year.
B. Qualification Determination
1. Upon a determination of qualification, LED
will contact applicant to discuss contract terms and to request an expenditure
verification report fee advance deposit of $7,500.
2. Upon a determination of non-qualification,
the office and the secretary shall issue a denial letter to the applicant
indicating the reason for denial, and the Office shall provide written notice
to the Senate Committee on Revenue and Fiscal Affairs and the House Committee
on Ways and Means. The denial letter shall be the final agency decision of
LED.
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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