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 D - Musical and Theatrical Production Income Tax Credit Program
Section I-1699 - Application of the Tax Credit
Universal Citation: LA Admin Code I-1699
Current through Register Vol. 50, No. 9, September 20, 2024
A. Prior to claiming a tax credit on any tax return, or transferring any tax credit, a person must apply for and obtain final certification.
B. After receiving final certification, a person may transfer the credit as follows.
1.
Only one transfer is allowed.
2.
The credit, and/or refund of an overpayment, may be transferred by sending a
written notice of such transfer to the Department of Revenue.
C. An owner of tax credits may claim tax credits against its Louisiana income tax liability by submitting its final certification, or written notice of transfer pursuant to this rule, evidencing the dollar amount of tax credits being claimed.
AUTHORITY NOTE: Promulgated in accordance with R.S. 47:6034(E).
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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