1. A. The purpose of this Chapter is to implement the Motion Picture Investor Tax Credit Program as established by R.S. 47:6007.

2. B. This Chapter shall be administered to achieve the following:

   1. 1. to encourage development of a strong capital base within the state for the motion picture and related industries;
   2. 2. to achieve a self-supporting, independent, indigenous industry; and

   3. 3. to encourage development of state of the art motion picture production and post-production facilities:

      1. a. in the short-term, to attract private investors in state-certified productions;
      2. b. in the long-term, to encourage the development of a skilled state workforce trained in the film and video industry.

3. C. This Chapter shall apply to any person:

   1. 1. claiming a credit;
   2. 2. transferring or selling a credit; or
   3. 3. acquiring a credit under this program.

Authority Note

AUTHORITY NOTE: Promulgated in accordance with R.S. 47:1125.1.

Historical Note

HISTORICAL NOTE: Promulgated by the Department of Economic Development, Office of Business Development, Office of Entertainment Industry Development and the Office of the Governor, Division of Administration, LR 36:52 (January 2010), repromulgated by the Department of Economic Development, Office of Business Development, LR 45:868 (July 2019), amended LR 48:1494 (June 2022).