ENROLLED
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ACT No. 385
Regular Session, 2013
HOUSE BILL NO. 358
BY REPRESENTATIVES ABRAMSON, WESLEY BISHOP, JOHNSON, RITCHIE,
STOKES, PATRICK WILLIAMS, AND WILLMOTT
AN ACT1
To amend and reenact R.S. 47:6023(C)(1), relative to tax credits; to provide relative to the2
sound recording investor tax credit; to extend the time period in which tax credits3
may be granted; to provide for base investment for resident investors; and to provide4
for related matters.5
Be it enacted by the Legislature of Louisiana:6
Section 1. R.S. 47:6023(C)(1) is hereby amended and reenacted to read as follows:7
ยง6023. Sound recording investor tax credits8
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C. Investor tax credit; state-certified productions and infrastructure projects.10
(1) Until January 1, 2015 January 1, 2020, there is hereby authorized a credit11
against the state income tax for investments made in state-certified productions and12
state-certified sound recording infrastructure projects. The tax credit shall be earned13
by investors at the time expenditures are certified by the Louisiana Department of14
Economic Development according to the total base investment certified for the sound15
recording production company per calendar year; however, no credit shall be allowed16
under this Section for any expenditures for which a credit was granted under R.S.17
47:6007. For state-certified productions certified on and after July 1, 2007, and18
state-certified infrastructure projects which have applied on or before August 1,19
2009, each investor shall be allowed a tax credit of twenty-five percent of the base20 ENROLLEDHB NO. 358
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investment made by that investor in excess of fifteen thousand dollars or, if a1
resident of this state, in excess of five thousand dollars.2
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SPEAKER OF THE HOUSE OF REPRESENTATI VES
PRESIDENT OF THE SENATE
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED: