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.

Reporting Jurisdiction: 
Jurisdiction type
Fiscal year ending In: 
Program name: 
Sound Recording Investor Tax Credit
Program purpose
Music and/or arts
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
Reimbursement / offset
Net revenue loss
Type of loss
Additional notes on dislosure: