La. Admin. Code tit. 61 § I-1617

Current through Register Vol. 50, No. 9, September 20, 2024

Section I-1617 - Louisiana Music

A. For state certified productions initially certified on or after July 1, 2015, with expenditures occurring on or after July 1, 2015, to be eligible for an additional 15 percent tax credit for music expenditures, an applicant company must meet the following criteria:

1. services performed in Louisiana-music expenditures were for services performed in Louisiana, with job titles such as composer, songwriter, performer, musician, sound designer, arranger, producer. The purchase of a preexisting musical work from a procurement company will not qualify; and

2. Louisiana copyright ownership-must be able to prove that the sound recording copyright or musical copyright is either:

a. owned in whole or in no part less than 25 percent by a Louisiana resident or residents, or

b. owned by a company headquartered in the state, with a majority ownership (51 percent+) of Louisiana residents;

c. the purchase of a copyright from a procurement company will not qualify.

La. Admin. Code tit. 61, § I-1617

Promulgated by the Department of Economic Development, Office of Business Development and Office of Entertainment Industry Development, LR 37:516 (February 2011), Repealed by the Department of Economic Development, Office of Business Development, Office of Entertainment Industry Development, LR 4239 (1/1/2016), Promulgated by the Department of Economic Development, Office of Business Development, Office of Entertainment Industry Development, LR 421656 (10/1/2016).

AUTHORITY NOTE: Promulgated in accordance with R.S. 47:6007