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INCENTIVE DESCRIPTION
| State: | LA |
| Incentive Type: | Income/Franchise Tax Incentives and Credits |
| Incentive Title: | Investment Credits |
| Description: | 1) FILM INDUSTRY DEVELOPMENT- Refundable income tax credit for investments by the film industry and producers. 2) MOTION PICTURE INVESTOR CREDITS- Taxpayers in the film and TV production industry may qualify for 2 separate tax credits: one equivalent to 15% of the taxpayer's base investment and a second one equivalent to 25% of the taxpayer's base investment. Taxpayers qualifying for the 15% credit also qualify for the 25% credit as an additional credit. |
| Eligibility Requirements: | 1) Must have a state certified motion picture. 2) To qualify for the 25% credit, the project must meet specified state certification requirements and the total base investment must be greater than $300,000. To qualify for the 15% credit, the same requirements must be met as for the 25% credit and, additionally, the base investment must be expended in Louisiana. |
| Geographic Restrictions: | Statewide |
| Granting Authority: | State of Louisiana |
| The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com |
Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives. |
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