LAC 61:I.6997 — Additional Program Procedures—State-Certified Musical or Theatrical ProductionReceiving Initial Certification on or after July 1, 2017

A. State-certified musical or theatrical productions receiving initial certification on or after July 1, 2017 shall be eligible for the following types of tax credits at the prevailing statutory rates, currently as follows.
1. Base Investment Credit
a. If the total base investment is more than $100,000, but less than $300,000 dollars, a tax credit of 7 percent applies.
b. If the total base investment is more than $300,000, but less than $1,000,000, a tax credit of 14 percent applies.
c. If the total base investment is more than $1,000,000, a tax credit of 18 percent applies.
2. Louisiana Resident Payroll Credit. To the extent that base investment is expended on payroll for Louisiana residents, an additional tax credit of 7 percent applies.
3. Louisiana Student Credit. To the extent that base investment is expended to employ students enrolled in Louisiana colleges, an additional tax credit of 0.07 percent applies.
B. Louisiana Resident Payroll Cap. To the extent that base investment is expended on payroll for Louisiana residents, the additional payroll credit shall exclude any payroll amounts paid to one person exceeding $1,000,000.