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-1641 - Illustrative examples of Production Expenses

Universal Citation: LA Admin Code I-1641

Current through Register Vol. 50, No. 9, September 20, 2024

A. Eligible. Eligible production expenditures shall include, but not be limited to, studio rental, musician/ performance fees, travel and airfare if booked through a Louisiana travel agent, producer fees within limitation, legal fees within limitation, music copying fees, orchestration fees, music publishing/clearance fees, and fees for mixing and mastering only on recordings originally made in Louisiana.

B. Ineligible costs include, but are not limited to, CD duplication, costs for marketing and distribution and any costs associated with filming/video.

C. Limitations for Certain Transactions

1. Related Party Transactions. LED may request and use additional information in determining the extent to which expenditures for related party transactions will be certified, by requesting and obtaining documentation including, but not limited to, third-party contracts, notarized affidavits, tax records, W2's, 1099's and cancelled checks. Related party transactions may be referred to the Office of the Inspector General for further review.

2. Producer fees may be limited to no more than 20 percent of base investment.

3. Legal fees shall be limited to no more than 10 percent of base investment.

AUTHORITY NOTE: Promulgated in accordance with R.S. 47:6023.

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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