La. Admin. Code tit. 61 § I-6326
Current through Register Vol. 50, No. 8, August 20, 2024
Section I-6326 - QEC Application Review and Qualification DeterminationA. Application Review 1. When determining which applicants may qualify, the office and the secretary shall consider a number of discretionary factors, including but not limited to: a. entertainment business type: i. eligible business types- may include but not be limited to; (a). visual effect companies;(b). entertainment business back-office support ii. ineligible business types- may include but not be limited to: b. number and payroll of current and proposed new jobs;c. location of facility that will be the project site;d. number and location of similar entertainment business facilities in Louisiana;e. business history, i.e. start-up company or track record of established business;f. the impact of the business on the overall economy of the state;g. conviction for a criminal offense related to obtaining or attempting to obtain tax credits;h. availability of tax credits in any given year.B. Qualification Determination 1. Upon a determination of qualification, LED will contact applicant to discuss contract terms and to request an expenditure verification report fee advance deposit of $7,500.2. Upon a determination of non-qualification, the office and the secretary shall issue a denial letter to the applicant indicating the reason for denial, and the Office shall provide written notice to the Senate Committee on Revenue and Fiscal Affairs and the House Committee on Ways and Means. The denial letter shall be the final agency decision of LED.La. Admin. Code tit. 61, § I-6326
Promulgated by the Department of Economic Development, Office of Entertainment Industry Development LR 44:1993 (November 2018), repromulgated by the Department of Economic Development, Office of Business Development, LR 45880 (7/1/2019).AUTHORITY NOTE: Promulgated in accordance with R.S. 47:6007.