This program is designed to boost record production development by reducing the cost of making new master music recordings, whether distributed via CD, digital download or as part of a soundtrack. Benefits include:
- Production: 25% refundable credit against Louisiana Income or Corporate Franchise Taxes based on total in-state expenditures related to the production of a sound recording.
- Infrastructure: 25% refundable credit against Louisiana Income or Corporate Franchise Taxes based on total in-state expenditures for the development of a sound recording studio.
Eligibility:
- Investments must be directly related to production of a sound recording or to the infrastructure of a sound recording studio.
- Must invest a minimum of $15,000 in Louisiana within a 12-month period and must provide advance notice of intent to apply for this incentive.
- Only those infrastructure project permanently domiciled in Louisiana may apply.
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