Live Performance Production Incentive Program

Live Performance Production Tax Credit Program is subject to a $10 million cap per year (with 50% or $5 million being reserved for not-for-profit organizations). Projects are subject to a $1 million cap, per year. The tax credit is refundable or transferable on a one-time basis. Apply Now 7% Tax Credit for certified Louisiana expenditures between $100,000 and $300,000 14% Tax Credit for certified Louisiana expenditures between $300,000 and $1,000,000 18% Tax Credit for certified Louisiana expenditures over $1,000,000 Additional 7% Tax Credit for payroll expenditures to Louisiana residents 7% Tax Credit for certified Louisiana expenditures between $100,000 and $300,000 14% Tax Credit for certified Louisiana expenditures between $300,000 and $1,000,000 18% Tax Credit for certified Louisiana expenditures over $1,000,000 Additional 7% Tax Credit for payroll expenditures to Louisiana residents Eligibility Requirements Louisiana's musical and theatrical production income tax credit program is open to concert, theatrical and other live productions that originate or debut in the State of Louisiana. There is a $100,000 minimum in-state expenditure requirement. Qualifying productions include: Pre-Broadway engagement or remounts Tour or resident production remounts Pre-Broadway tryouts Resident or regional productions National touring companies producing their first public performance in Louisiana Concert tours producing their first public performance in Louisiana Eligible production expenditures: Salaries directly related to the development of in-state certified productions (up to the first $1 million per person) Physical production costs directly related to an in-state certified production Artist compensation directly related to performance days in Louisiana (up to the first $1 million per person) Creative team compensation directly related to work performed in Louisiana Local and touring crew compensation directly related to work performed in Louisiana (up to the first $1 million per person) Hotel and airfare expenditures directly related to an in-state certified production Venue rental and associated fixed costs Application Process 1 Complete application form. In order for the application to be considered received, ALL information and fees (application and expenditure verification report deposit) must be submitted. 2 If approved, Office of Entertainment Industry Development issues Initial Certification letter. 3 Track production expenses. 4 Submit cost report for CPA review. 5 CPA finishes review and submits expenditure verification report to OEID. 6 If approved, OEID issues Final Certification for the amount of the tax credit. 7 Claim refund on Louisiana tax return or make a one-time transfer on the open market. 1 Complete application form. In order for the application to be considered received, ALL information and fees (application and expenditure verification report deposit) must be submitted. 2 If approved, Office of Entertainment Industry Development issues Initial Certification letter. 3 Track production expenses. 4 Submit cost report for CPA review. 5 CPA finishes review and submits expenditure verification report to OEID. 6 If approved, OEID issues Final Certification for the amount of the tax credit. 7 Claim refund on Louisiana tax return or make a one-time transfer on the open market. Next Steps Initial Certification Applicant completes and submits the application with supporting documents and fees to OEID. Prior to OEID’s review of the application, an expenditure verification report (aka “audit”) deposit shall be submitted according to the following schedule: Production Size                      Deposit Amount $5,000- $50,000                        $2,500 $50,000- Above                         $5,000