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LA SB232
Bill
AI Summary
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Authorizes a tax credit of up to 40% for state-certified motion picture productions and Qualified Entertainment Companies approved on or after July 1, 2025, with credit amounts determined by program rules
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Renames the administering agency from "office of entertainment industry development" to "office of economic development" within Louisiana Economic Development, effective July 1, 2025
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Requires Louisiana Economic Development to promulgate rules approved by the House Committee on Ways and Means and Senate Committee on Revenue and Fiscal Affairs before taking effect, with emergency rulemaking authorized for initial rules
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Grants Louisiana Economic Development discretion to approve applications based on estimated economic impact, statewide funding distribution, funding availability, and best interest of the state
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Simplifies the "Louisiana promotional graphic" definition to a state-approved graphical brand or logo per program rules, removing previous specific requirements for animated graphics and electronic press kits
Legislative Description
Provides relative to the motion picture production tax credit. (7/1/25) (EN SEE FISC NOTE GF RV See Note)
TAX/TAXATION
Last Action
Effective date 6/4/2025.
7/1/2025