The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Riley Boudreaux.
DIGEST
SB 97 Original 2015 Regular Session Morrell
Present law requires transferors and transferees to submit to the Department of Revenue a
notification of any transfer or sale of motion picture investor tax credits. The notification must
include a processing fee of up to $200 per transferee.
Proposed law authorizes a transferor in lieu of the "first transfer processing fee" related to a
particular state-certified production, to donate to the Department of Culture, Recreation and Tourism
an official advertising poster for the state-certified production and a still frame from the production,
or, at the discretion of the CRT, a significant set piece, prop, or costume from the production on the
condition that they may be used for unlimited marketing purposes by the CRT and the state. CRT
is required to use the donated items to establish a "Hollywood South program" to memorialize and
honor the present and past movie industry in Louisiana.
Effective July 1, 2015.
(Adds R.S. 47:6007(C)(4)(b)(iii))