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: 
Digital Interactive Media and Software Tax Credit
Program purpose
Capital investment
Statutory authority
LRS 47:6022
Abating jurisdiction(s)
State of Louisiana
Applicable taxes: 
State Individual and State Corporate Income Tax and 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
$29,132,130
Reimbursement / offset
$0
Net revenue loss
$29,132,130
Type of loss
Active
Additional notes on dislosure: 
(none)