Authorizes contracts for motion picture investor tax credit for five years, renewable for five more, for scripted television series if they agree to construct or lease production facilities in Louisiana and reach an agreement with LED on guaranteed expenditures and jobs for residents. (gov sig)
Authorizes certain movie memorabilia donations to CRT in lieu of a first processing transfer fee for a Hollywood South program to memorialize the movie industry in Louisiana. (7/1/15)
Limits the amount of motion picture investor tax credits which may be awarded on state-certified productions approved during a fiscal year to $300 million, but rolls over any credits not awarded to future fiscal years. (7/1/15)
Removes the refundable tax credit for ad valorem property taxes paid on natural gas held, used, or consumed in providing natural gas storage services or operating natural gas storage facilities. (gov sig)
Authorizes the recapture of disallowed tax credits from owners of entities created or organized for the primary purpose of receiving or selling motion picture investor tax credits. (gov sig) (RE SEE FISC NOTE GF RV See Note)
Prohibits the $25 credit for educational expenses for each child attending nonpublic elementary and secondary school if the tax deduction for payment of tuition and fees is taken and establishes the Student Assessment for a Valuable Education (SAVE) Credit Program. (gov sig) (EN -$347,700,000 GF RV See Note)
Requires sellers of motion picture investor tax credits to qualify for and be included in a Public Registry of Motion Picture Investor Tax Credit Brokers. (1/1/16) (EN +$60,000 GF EX See Note)
Requires the Louisiana Workforce Commission to provide information to LED and LDR to verify payroll and employment of Louisiana residents for purposes of the motion picture investor tax credit. (7/1/15) (EN SEE FISC NOTE GF RV See Note)
Limits expenditures for ATL services eligible for motion picture investor tax credits to 40% of total production expenditures in the state. (See Act) (EN INCREASE GF RV See Note)
Prohibits all claims for and refunds of tax credits filed for tax years beginning during calendar year 2015, and defers such claims and refunds to tax years beginning during 2016. (gov sig)
Authorizes certifications of motion picture investor tax credits for Indigenous Louisiana Productions which agree 75% of its expenditures for ATL services will be expended on Louisiana residents and that 75% of its jobs will employ Louisiana residents and provides special tax credit provisions for them. (gov sig)