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-6103 - General Description
Universal Citation: LA Admin Code I-6103
Current through Register Vol. 50, No. 9, September 20, 2024
A. For application received on or after July 1, 2017, state-certified productions may be eligible for up to a 40 percent tax credit on total qualified in-state expenditures, including resident and non-labor as follows:
1. Base Investment Credit
a. Base Rate. State-certified productions
with a total base investment greater than $300,000, or for Louisiana screenplay
state-certified productions with a total base investment equal to or greater
than $50,000, a tax credit of 25 percent of the base investment may be
allowed;
b. Louisiana Screenplay.
State-certified productions with expenditures equal to or greater than $50,000,
but not greater than $5,000,000, based upon a screenplay created by a Louisiana
resident, may be eligible for an increased 10 percent credit of the base
investment, for a total of 35 percent.
c. Out of Zone Filming. State-certified
productions that have their production office and at least 60 percent of
principal photography based and occurring outside of the New Orleans
Metropolitan Statistical Area (NOLA-MSA) may be eligible for an increased 5
percent credit of base investment, for a total of 30 percent or 40 percent
total for a Louisiana screenplay shot out of the zone.
i. In NOLA-MSA zone: Orleans, Jefferson,
Plaquemines, St. Bernard, St. Charles, St. James and St. Tammany Parishes,
Out-of-zone: All other parishes including St. John the Baptist
Parish.
2.
Additional Payroll and Visual Effects (VFX) Credits
a. Louisiana Resident Payroll. Compensation
for services paid directly to a Louisiana resident may be eligible for an
additional 15 percent credit for qualified Louisiana resident payroll only.
i. Payments made to a loan-out company are
not eligible for this additional credit.
b. VFX. If at least 50 percent of the VFX
budget is expended for services performed in Louisiana by an approved qualified
entertainment company (QEC), or a minimum of $1,000,000 in qualified
expenditures are made in Louisiana, an additional 5 percent credit may be
allowed on the qualified VFX spend only.
3. Tax credits shall be earned at the time
expenditures are certified by LED. The maximum credit rate, including base
investment increases and additional payroll credits is 40 percent of the base
investment.
AUTHORITY NOTE: Promulgated in accordance with R.S. 47:1125.1.
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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