Section I-1625 - QEC Application and Application Fee (Louisiana Code of Regulations)

§ I-1625. QEC Application and Application Fee

A. Application

1. A QEC application form shall be submitted to the office, via registered mail or if available, submitted electronically, to include;

a. a detailed company description, explaining how the business is directly or indirectly engaged in the development of audio, visual, or both audio-visual entertainment products for public consumption;

b. number of current and proposed new employees, with payroll estimates and average hours worked per week;

c. disclosure of affiliates;

d. most recent ES-4 tax form;

e. any other additional information as requested by the office or the secretary.

B. Application Fee

1. A non-refundable application fee of 0.5 percent of the estimated total tax credits, with a minimum fee of $500, and a maximum fee of $15,000, shall be submitted with the QEC application, payable to the office, as required by R.S. 36:104.

(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Office of Business Development and Office of Entertainment Industry Development, LR 37:516 (February 2011), Repealed by the Department of Economic Development, Office of Business Development, Office of Entertainment Industry Development, LR 4240 (January 2016), Promulgated by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 441993 (November 2018).)

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

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