Louisiana Film Tax Incentive Programs
Louisiana is now the nation’s #1 ranked location destination state for film productions in the entire U.S.!
In 2002, the Louisiana legislature enacted the Louisiana Motion Picture Tax Incentive Act (The Act) in order to induce production companies to shoot their film and video productions (i.e., movies, television shows, commercials, music videos, etc.) in Louisiana. The Act provides a tax credit incentive for qualified, Louisiana based productions organized under an LLC and using local banks and residents. FBT has relationships with numerous lawyers who have experience creating production LLCs.
The Louisiana Motion Picture Incentive Program has 2 primary components:
- Investor Tax Credit – This program creates a transferable tax credit equal to 30% of the investment greater than $300,000 for all Louisiana based production expenses. These incentives can be used to offset production costs or used to make projects more financially viable to be filmed in Louisiana. Since most out-of-state production companies have no state income tax liability, they monetize their credits by using agents such as FBT Film Credit, LLC. to exchange them for cash.
- Labor Tax Credit – The Labor Tax Credit is a separate program and provides an additional 5% tax credit based on the total payroll of Louisiana residents employed in connection with the production. This credit encourages production companies to use local crews and labor as much as possible. We have many contacts with crews and support facilities to assist with productions.
Other Louisiana Incentives:
Sound Recording and Infrastructure Investor Tax Rebate
Production: A 25% refundable tax credit based on total in-state expenditures for the production of sound recordings.
Infrastructure: A 25% refundable tax credit on sound recording infrastructure development.
Digital Interactive Media Tax Credits
Provides a sellable tax credit of up to 25% of the base investment in digital media production done in state, including salary of Louisiana Labor.
Live Performance Tax Credit
For eligible live productions, including theater, opera, ballet, jazz, comedy revues and variety entertainment – provide a 25% state tax credit on base investment and construction costs with an additional 10% tax credit on payroll for Louisiana residents.
FBT Film & Entertainment makes tax credits generated through these programs available for transfer to any individual, corporation, trust or partnership with a Louisiana income tax liability through its subsidiary FBT Film Credit L.L.C. Please contact us for more details.