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: | 2022 |
| Program name: | Sound Recording Investor Tax Credit |
| Program purpose: | Music, arts, or recreation |
| Statutory authority: | LRS 47:6023 |
| Abating jurisdiction(s): | State of Louisiana |
| Applicable taxes: | Income Tax |
| Method of abatement: | Tax Credit |
| Provisions for recapture: | If the funds for which an investor receives credits are not invested in and expended with respect to a state-certified production within a certain time period, then the investor's state income tax shall be increased by such amount necessary for the recapture of the credits. 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: | $26,596 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $26,596 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.doa.la.gov/media/ofqdeujb/acfr-2022.pdf |
