Louisiana 2013 2013 Regular Session

Louisiana Senate Bill SR132 Introduced / Bill

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Regular Session, 2013
SENATE RESOLUTION NO. 132
BY SENATOR MORRELL 
LEGIS POWERS/FUNCTIONS.  Establishes and provides for the Entertainment Industry
Development Advisory Commission.
A RESOLUTION1
To establish and provide for the Entertainment Industry Development Advisory Commission2
to review the state's entertainment incentive laws for the film, music, digital media,3
and live performance industries and to make recommendations for policy and4
legislative changes on or before February 1, 2015, that will assist in reducing5
industry dependence on tax credits and incentivize the development of an indigenous6
self-supporting industry.7
WHEREAS, Louisiana offers incentives for the purposes of attracting film, music,8
digital media, and live performance production; and9
WHEREAS, R.S. 47:6007 provides relative to the motion picture tax credit program10
with the program's primary objective to encourage the development of a strong capital and11
infrastructure base for motion picture production in order to achieve an independent self-12
supporting industry; and13
WHEREAS, there continues to be discussions on how to control the cost of the14
motion picture tax credit in the last weeks of the 2013 Regular Session of the Louisiana15
Legislature; and 16
WHEREAS, over the last six years the state's biannual economic impact studies on17
the entertainment industry indicate a continuing decline in economic impact to the state; and18 SR NO. 132
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WHEREAS, many Louisiana businesses and individuals have invested in the state's1
entertainment industry, and the industry provides thousands of jobs for Louisiana citizens;2
and 3
WHEREAS, particularly in tight fiscal times, it is important to reevaluate4
periodically tax credits programs to ensure that tax revenues lost through the credits are5
offset by other taxes generated by economic activity associated with the businesses to whom6
the tax credits were originally issued; and7
WHEREAS, a determination needs to be made on whether the current entertainment8
incentive program laws are providing the best opportunity to develop a sustainable9
entertainment industry.10
THEREFORE, BE IT RESOLVED that the Senate of the Legislature of Louisiana11
does hereby establish and provide for the Entertainment Industry Development Advisory12
Commission to review the state's entertainment incentive laws for the film, music, digital13
media, and live performance industries and to make recommendations for policy and14
legislative changes on or before February 1, 2015, that will assist in reducing industry15
dependence on tax credits and incentivize the development of an indigenous self-supporting16
industry.17
BE IT FURTHER RESOLVED that the Entertainment Industry Development18
Advisory Commission shall consist of the following members:19
(1)  The director of the office of Entertainment Industry Development.20
(2)  The secretary of the Department of Economic Development, or his designee.21
(3)  The secretary of the Department of Revenue, or his designee.22
(4) The chairman of the Senate Committee on Revenue and Fiscal Affairs, or his23
designee.24
(5)  The chairman of the House Committee on Ways and Means, or his designee.25
(6)  An economist with the Legislative Fiscal Office.26
(7)  The president of the Senate, or his designee.27
(8)  The speaker of the House of Representatives, or his designee.28
(9) Two representatives of the entertainment business community selected from a29
list provided by the Louisiana Film and Entertainment Association.30 SR NO. 132
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(10) Two representatives of the state's music business community selected from a1
list provided by the Louisiana Chapter of the National Association of Recording Arts and2
Sciences.3
(11) A representative of the banking or investment community with experience in4
film financing, start-up investment or intellectual property selected from a list provided by5
the Louisiana Bankers Association.6
(12) A representative from a Louisiana university which offers degreed programs7
in at least two of the following areas: film, music business, animation, video game8
development, or dramatic arts.9
(13) A representative from a Louisiana community or technical college which offers10
programs in at least two of the following areas: film, music business, animation, video game11
development, or dramatic arts.12
BE IT FURTHER RESOLVED that the Entertainment Industry Development13
Advisory Commission shall have its first meeting on or before November 4, 2013, which14
meeting shall be called by the chairman of the Senate Committee on Revenue and Fiscal15
Affairs, or his designee, and shall meet bimonthly thereafter in the city of Baton Rouge.16
BE IT FURTHER RESOLVED that the commission shall report to the Senate with17
recommendations for legislative and policy changes that will reduce the industry's long-term18
dependence on tax credits and incentivize the development of a self-supporting19
entertainment industry on or before February 1, 2015. 20
BE IT FURTHER RESOLVED that a copy of this Resolution be transmitted to the21
director of the office of Entertainment Industry Development, the secretary of the22
Department of Economic Development, the secretary of the Department of Revenue, the23
chairman of the Senate Committee on Revenue and Fiscal Affairs, the chairman of the24
House Committee on Ways and Means, the Legislative Fiscal Office, the president of the25
Senate, the speaker of the House of Representatives, the Louisiana Film and Entertainment26
Association, the National Association of Recording Arts and Sciences, the Louisiana27
Bankers Association, and the Board of Regents.28 SR NO. 132
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The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Cathy R. Wells.
DIGEST
Morrell	SR No. 132
Establishes and provides for the Entertainment Industry Development Advisory Commission
to review the state's entertainment incentive laws for the film, music, digital media, and live
performance industries and to make recommendations for policy and legislative changes on
or before February 1, 2015, that will assist in reducing industry dependence on tax credits
and incentivize the development of an indigenous self-supporting industry.