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 798 Original 2015 Regular Session Ponti
Abstract: Beginning July 1, 2015, prohibits a production that bases its office within 40 miles of
New Orleans City Hall from being eligible to receive the additional 5% tax credit of certain
La. payroll.
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 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.
Proposed law retains present law and further prohibits, beginning July 1, 2015, the additional credit
equal to 5% of base investment expended on payroll for La. residents employed in connection with
a state-certified production if the production bases its office within 40 miles of New Orleans City
Hall.
Effective July 1, 2015.
(Amends 47:6007(C)(1)(c)(intro. para.) and (d); Adds R.S. 47:6007(C)(1)(e))