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-6109 - Additional Program Provisions
Universal Citation: LA Admin Code I-6109
Current through Register Vol. 50, No. 9, September 20, 2024
A. The following additional provisions shall apply to applications received on or after July 1, 2017:
1. LED total program
issuance cap. The aggregate dollar amount of tax credits issued for all
state-certified productions shall not exceed $150,000,000 per fiscal
year;
2. LDR taxpayer claims cap.
Tax credit claims and transfers to the state ("buy-back") shall be limited to
an aggregate total of $180,000,000 per fiscal year;
3. LED individual project issuance cap. The
maximum amount of credits certified by LED for a single state-certified
production shall be $20,000,000, which may be structured over two or more years
in the initial certification letter;
a.
Except for state-certified productions for scripted episodic content that may
be granted up to $25,000,000 in credits per season.
4. LED individual salary cap. The maximum
amount of qualifying payroll expenditures per individual shall be $3,000,000.
Payroll payments in excess of $3,000,000 made directly or indirectly to an
individual or loan-out shall be excluded.
AUTHORITY NOTE: Promulgated in accordance with R.S. 47:1125.1.
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