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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

Effected JurisdictionLouisiana
Jurisdiction type: State
Fiscal year ending In2020
Program nameMusical and Theatrical Production Income Tax Credit
Program purpose: General Economic Development
Statutory authority: LRS 47:6034
Abating jurisdiction(s): State of Louisiana
Applicable taxesIndividual Income Tax; Corporate Income Tax
Method of abatement: Tax Credit
Provisions for recapture: Credits previously granted to a taxpayer but later disallowed by the LED may be recovered through any collection remedy authorized by LRS 47:1561.
Gross revenue loss: $2,386,770
Reimbursement / offset: $0
Net revenue loss: $2,386,770
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.doa.la.gov/doa/osrap/annual-financial-report/