La. Admin. Code tit. 61 § I-1609
Current through Register Vol. 50, No. 9, September 20, 2024
Section I-1609 - Additional Program Provisions-ProductionA. Payroll Tax Credit 1. To the extent base investment is expended on payroll for Louisiana residents employed in connection with a state-certified production: a. for state-certified productions initially certified before July 1, 2009, each investor shall be allowed an additional tax credit of 10 percent of such payroll;b. for state-certified productions initially certified after July 1, 2009, each investor shall be allowed an additional tax credit of 5 percent of such payroll.2. However, if the payroll to any one person exceeds $1,000,000, this additional credit shall exclude any salary for that person in excess of $1,000,000.La. Admin. Code tit. 61, § I-1609
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 36:56 (January 2010).AUTHORITY NOTE: Promulgated in accordance with R.S. 47:1125.1.