La. Admin. Code tit. 61 § I-1641

Current through Register Vol. 50, No. 8, August 20, 2024

Section I-1641 - Illustrative examples of Production Expenses

A. Eligible. Eligible production expenditures shall include, but not be limited to, studio rental, musician/ performance fees, travel and airfare if booked through a Louisiana travel agent, producer fees within limitation, legal fees within limitation, music copying fees, orchestration fees, music publishing/clearance fees, and fees for mixing and mastering only on recordings originally made in Louisiana.

B. Ineligible costs include, but are not limited to, CD duplication, costs for marketing and distribution and any costs associated with filming/video.

C. Limitations for Certain Transactions

1. Related Party Transactions. LED may request and use additional information in determining the extent to which expenditures for related party transactions will be certified, by requesting and obtaining documentation including, but not limited to, third-party contracts, notarized affidavits, tax records, W2's, 1099's and cancelled checks. Related party transactions may be referred to the Office of the Inspector General for further review.

2. Producer fees may be limited to no more than 20 percent of base investment.

3. Legal fees shall be limited to no more than 10 percent of base investment.

La. Admin. Code tit. 61, § I-1641

Promulgated by the Department of Economic Development, Office of Business Development, Office of Entertainment Industry Development, LR 4238 (1/1/2016).

AUTHORITY NOTE: Promulgated in accordance with R.S. 47:6023.