The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Leonore Heavey.
DIGEST
SB 248 Engrossed 2017 Regular Session Morrell
Present law provides for income tax credits for state-certified productions and state-certified musical
or theatrical facility infrastructure projects with annual limitations of up to $60 million. Proposed
law removes these limitations.
Proposed law institutes a $10 million per fiscal year cap on the amount of all musical and theatrical
credits that can be granted and further provides that if the available cap is not used in any fiscal year
then any amount of cap remaining shall be available for use in subsequent fiscal years.
Proposed law provides for a $1 million per project credit cap.
Proposed law reserves 50% of the annual credit cap for state-certified musical or theatrical
productions by approved nonprofit organizations.
Present law required legislative review of the credit by March 1, 2017.
Proposed law removes the expired legislative review provision and terminates the program on June
30, 2021.
Effective July 1, 2017.
(Amends R.S. 47:6034(C)(1)(a)(ii)(aa) and (bb), (4), and (K); repeals R.S. 47:6034(C)(1)(a)(ii)(bb)
as amended by Acts 2015, No. 125 ยง5)
Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Revenue and Fiscal Affairs to
the original bill
1. Technical changes.