Wednesday, March 31, 2010

Tax Credits - Louisiana

http://www.louisianaentertainment.gov/Film/content.cfm?id=61
Louisiana offers a 30% transferable incentive for total in-state expenditures related to the production of a motion picture. An additional 5% labor incentive can be earned on the payroll of Louisiana residents that are employed by a state certified motion picture production. The incentives are fully transferable and Louisiana has no limit to the amount of incentives that can be earned by a single production. Only money spent on your production costs within the borders of the state of Louisiana will qualify for the 30% incentive. That includes all services that are performed in Louisiana from residents and non-residents alike. Now, you have the option to transfer credits (incentives) to the state for .85 on the dollar and we will send you a check immediately.

Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!

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