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.

State: 
Louisiana
Reporting Jurisdiction: 
Louisiana
Jurisdiction type
State
Fiscal year ending In: 
2019
Program name: 
Musical and Theatrical Production Income Tax Credit
Program purpose
Business expansion
Statutory authority
LRS 47:6034
Abating jurisdiction(s)
State of Louisiana
Applicable taxes: 
State Individual Income and State 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
$2,300,386
Reimbursement / offset
$0
Net revenue loss
$2,300,386
Type of loss
Active
Additional notes on dislosure: 
(none)