Louisiana Administrative Code
Title 61 - REVENUE AND TAXATION
Part I - Taxes Collected and Administered by the Secretary of Revenue
Chapter 67 - Louisiana Entertainment Industry Tax Credit Programs
Section I-6763 - General Description
Current through Register Vol. 50, No. 9, September 20, 2024
A. The program offers a tax credit for the producers of digital interactive media products and platform projects.
B. Tax credits are earned per calendar year at the time funds are expended in Louisiana on a state certified production.
C. Tax credits shall never exceed the total base investment in a state certified production.
D. For expenditures incurred prior to January 1, 2012, credits are non-refundable, transferable credits with a 10 year carryover period. For expenditures incurred on or after January 1, 2012, credits are refundable, contain no transferability or carryover provisions, and a company may elect, on a one time basis, to receive an 85 percent rebate instead of the refundable credit.
E. These rules shall be subject to oversight by the House Committee on Ways and Means and the Senate Committee on Revenue and Fiscal Affairs, in accordance with the Administrative Procedure Act.
F. Applicants may apply for more than one tax credit program administered by the Department of Economic Development, provided that:
AUTHORITY NOTE: Promulgated in accordance with R.S. 47:6022.
