Section I-1623 - General (Louisiana Code of Regulations)

§ I-1623. General

A. Purpose. The purpose of this Sub-chapter is to implement the Qualified Entertainment Company Payroll Tax Credit Program as established by Act 309 of the 2017 Regular Session of the legislature, contained within the Motion Picture Production Tax Credit Program, pursuant to the provisions of R.S. 47:6007.

B. Program Description. The Qualified Entertainment Company Payroll Tax Credit Program provides payroll tax credits as an inducement for qualified entertainment companies ("QEC"s) to permanently locate new or expand existing operations in Louisiana.

C. No other LED incentives for QEC payroll expenditures. A QEC shall not receive any other incentive administered by LED that is based directly upon any QEC Payroll, for which the QEC is obligated or has received benefits under the QEC Contract.

(Promulgated by the Department of Economic Development, Office of Business Development and Office of Entertainment Industry Development, LR 37:516 (February 2011), Repealed by the Department of Economic Development, Office of Business Development, Office of Entertainment Industry Development, LR 4240 (January 2016), Promulgated by the Department of Economic Development, Office of Entertainment Industry Development LR 441992 (November 2018).)

AUTHORITY NOTE: Promulgated in accordance with R.S. 47:6007.

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