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:
Sound Recording Investor Tax Credit
Program purpose:
Capital investment
:
Statutory authority:
LRS 47:6023
:
Abating jurisdiction(s):
State of Louisiana
:
Applicable taxes:
State 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:
$15,372
:
Reimbursement / offset:
$0
:
Net revenue loss:
$15,372
:
Type of loss:
Active
:
Additional notes on dislosure:
(none)
