Louisiana Administrative Code
Title 61 - REVENUE AND TAXATION
Part I - Taxes Collected and Administered by the Secretary of Revenue
Chapter 61 - Motion Picture Production Tax Credit Program
Section I-6101 - Purpose
Universal Citation: LA Admin Code I-6101
Current through Register Vol. 50, No. 9, September 20, 2024
A. The purpose of this Chapter is to implement the Motion Picture Investor Tax Credit Program as established by R.S. 47:6007.
B. This Chapter shall be administered to achieve the following:
1. to encourage
development of a strong capital base within the state for the motion picture
and related industries;
2. to
achieve a self-supporting, independent, indigenous industry; and
3. to encourage development of state of the
art motion picture production and post-production facilities:
a. in the short-term, to attract private
investors in state-certified productions;
b. in the long-term, to encourage the
development of a skilled state workforce trained in the film and video
industry.
C. This Chapter shall apply to any person:
1.
claiming a credit;
2. transferring
or selling a credit; or
3.
acquiring a credit under this program.
AUTHORITY NOTE: Promulgated in accordance with R.S. 47:1125.1.
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