Overview
The Sound Recording Investor Tax Credit program rebates a 25%
refundable tax credit for qualified production expenditures for
state-certified sound recording projects.
Benefits
The Sound Recording Investor Tax Credit program provides a 25%
refundable tax credit for qualified production expenditures. The
program is subject to a cap of $3 million in tax credits each
calendar year. Projects qualifying for the tax credits after the
annual cap has been reached will automatically be placed in the
queue to receive tax credits in the next calendar year.
Eligibility
Investments must be directly related to production of a sound
recording project.
Must invest a minimum of $15,000 in Louisiana within a 12-month
period.
Must provide advance notice of intent by filing an application
for the Sound Recording Investor Tax Credit.
For comprehensive rules and details on eligibility, please
review Related Content below and contact the
appropriate administrator.
How to Apply
Filing a sound recording application will serve as an Advance
Notification and must be submitted in writing, indicating the
applicant's intent to participate in the Sound Recording Investor
Tax Credit program, to Louisiana Economic Development's Office of
Entertainment Industry Development. An application must be filed
before any production, purchasing, hiring, or construction
expenditures begin in order to qualify all legitimate expenditures
for credit. Prior expenditures will not qualify.
Once a completed application is received, it will be initially
certified or denied within 180 days.
A complete application must be submitted with supporting
documentation.
For additional application information, please see the Sound
Recording Tax Incentive Program Fact Sheet below.
Related Content
Administration
For more information on the Sound Recording Investor Tax Credit,
contact the program administrator:
Julian Ellis
225.342.5403
Julian.Ellis@la.gov
Lynn Ourso
225.342.5403
ourso@la.gov
