2017 Regular Session ENROLLED
SENATE BILL NO. 177
BY SENATOR MORRELL
1 AN ACT
2 To amend and reenact R.S. 47:164(D)(2)(b), to provide for employee compensation eligible
3 as a production expense for purposes of the tax credit; to provide for applicable rates
4 of withholding tax; to provide for an effective date; and to provide for related
5 matters.
6 Be it enacted by the Legislature of Louisiana:
7 Section 1. R.S. 47:164(D)(2)(b) is hereby amended and reenacted to read as follows:
8 ยง164. Information at source
9 * * *
10 D. Withholding of tax at source.
11 * * *
12 (2) * * *
13 (b) Any motion picture production company, motion picture payroll services
14 company, or other entity making or causing to be made payments as provided in
15 Subparagraph (a) of this Paragraph, to an individual, or to an agent or agency, loan-
16 out company, personal service company, employee leasing company, or other entity
17 is considered to be paying compensation taxable by the state of Louisiana. For
18 purposes of eligibility as a production expenditure, the company or other entity
19 payor shall withhold taxes from those payments, excluding any amount that is
20 otherwise not subject to the withholding requirements imposed pursuant to
21 federal and state laws and regulations, at the highest individual rate of six percent
22 rate determined in accordance with an employee's withholding allowance
23 certificate, L-4, or the highest individual rate in effect at the time if there is no
24 employee withholding allowance certificate, and shall remit these payments to the
25 department quarterly, excluding any amount that would otherwise not be subject to
ACT No. 384
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 177 ENROLLED
1 the withholding requirements imposed pursuant to state and federal law and
2 regulations.
3 * * *
4 Section 2. This Act shall become effective on July 1, 2017; if vetoed by the governor
5 and subsequently approved by the legislature, this Act shall become effective on July 1,
6 2017, or on the day following such approval by the legislature, whichever is later.
PRESIDENT OF THE SENATE
SPEAKER OF THE HOUSE OF REPRESENTATIVES
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED:
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.