RÉSUMÉ DIGEST
ACT 384 (SB 177) 2017 Regular Session Morrell
Prior law required that in order to be considered an eligible production expense for the
Motion Picture Investor Tax Credit that entities paying compensation for personal services
shall remit withholding tax at the rate of six percent or at the highest individual income tax
rate in effect.
New law retains prior law but requires the payor to withhold taxes, excluding amounts
otherwise not subject to withholding requirements, at the rate determined in accordance with
an employee's withholding allowance certificate, or the highest individual rate in effect at
the time if there is no employee withholding allowance certificate.
Effective July 1, 2017.
(Amends R.S. 47:164(D)(2)(b))