LAC 61:I.6109 — Additional Program Provisions

A. The following additional provisions shall apply to applications received on or after July 1, 2017:
1. LED total program issuance cap. The aggregate dollar amount of tax credits issued for all state-certified productions shall not exceed $150,000,000 per fiscal year;
2. LDR taxpayer claims cap. Tax credit claims and transfers to the state (“buy-back”) shall be limited to an aggregate total of $180,000,000 per fiscal year;
3. LED individual project issuance cap. The maximum amount of credits certified by LED for a single state-certified production shall be $20,000,000, which may be structured over two or more years in the initial certification letter;
a. Except for state-certified productions for scripted episodic content that may be granted up to $25,000,000 in credits per season.
4. LED individual salary cap. The maximum amount of qualifying payroll expenditures per individual shall be $3,000,000. Payroll payments in excess of $3,000,000 made directly or indirectly to an individual or loan-out shall be excluded.