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.
| State or Territory: | Louisiana |
| Effected Jurisdiction: | Louisiana |
Jurisdiction type: | State or Territory |
| Fiscal year ending In: | 2020 |
| Program name: | Digital Interactive Media and Software Tax Credit |
| Program purpose: | Film, TV, and/or media |
| Statutory authority: | LRS 47:6022 |
| Abating jurisdiction(s): | State of Louisiana |
| Applicable taxes: | Individual Income Tax; Corporate Income Tax; Franchise Tax |
| Method of abatement: | Tax Credit |
| Provisions for recapture: | The company's state income taxes can be increased to recapture the credits received, if the expenditures were not actually expended in Louisiana as production related costs of the state certified production. Credits previously granted to a taxpayer, but later disallowed, may be recovered by the secretary of the Department of Revenue by any collection remedy authorized by LRS 47:1561. |
| Gross revenue loss: | $32,429,418 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $32,429,418 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.doa.la.gov/doa/osrap/annual-financial-report/ |
