DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part of the
legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law
or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HB 535 Original 2015 Regular Session Talbot
Abstract: Provides relative to expenses that are ineligible for motion picture investor tax credits
Present law provides for an income tax credit for La. taxpayers for investment in state-certified
productions earned at the time expenditures are made by a motion picture production company in
a state-certified production. The amount of the credit shall be equal to 30% of the base investment
made by the investor if the total base investment is more than $300,000. Additionally provides for
a credit equal to 5% of the base investment expended on payroll for La. residents employed in
connection with a state-certified production. However, this credit does not apply to the payroll of
any one person that exceeds $1 million. Present law provides for the inclusion of production
expenditures in the calculation of the motion picture investor tax credit. Present law excludes non-
production related overhead expenditures from the definition of production expenditures.
Proposed law revises present law to include finance fees, airfare, interest payments, and insurance
as excluded non-production related overhead expenditures for the purposes of defining production
expenditures.
Effective July 1, 2015.
(Amends R.S. 47:6007(B)(10))