1. A. State-certified musical or theatrical productions receiving initial certification on or after July 1, 2017 shall be eligible for the following types of tax credits at the prevailing statutory rates, currently as follows.

   1. 1. Base Investment Credit

      1. a. If the total base investment is more than $100,000, but less than $300,000 dollars, a tax credit of 7 percent applies.
      2. b. If the total base investment is more than $300,000, but less than $1,000,000, a tax credit of 14 percent applies.
      3. c. If the total base investment is more than $1,000,000, a tax credit of 18 percent applies.
   2. 2. Louisiana Resident Payroll Credit. To the extent that base investment is expended on payroll for Louisiana residents, an additional tax credit of 7 percent applies.
   3. 3. Louisiana Student Credit. To the extent that base investment is expended to employ students enrolled in Louisiana colleges, an additional tax credit of 0.07 percent applies.
2. B. Louisiana Resident Payroll Cap. To the extent that base investment is expended on payroll for Louisiana residents, the additional payroll credit shall exclude any payroll amounts paid to one person exceeding $1,000,000.

Authority Note

AUTHORITY NOTE: Promulgated in accordance with R.S. 47:6034(E).

Historical Note

HISTORICAL NOTE: Promulgated by the Department of Economic Development, Office of Business Development, Office of Entertainment Industry Development, LR 42:41 (January 2016), repromulgated by the Department of Economic Development, Office of Business Development, LR 45:898 (July 2019), amended LR 48:410 (March 2022).