LAC 61:I.6101. Purpose

A. The purpose of this Chapter is to implement the Motion Picture Investor Tax Credit Program as established by R.S. 47:6007. B. This Chapter shall be administered to achieve the following: 1. to encourage development of a strong capital base within the state for the motion picture and related industries; 2. to achieve a self-supporting, independent, indigenous industry; and 3. to encourage development of state of the art motion picture production and post-production facilities: a. in the short-term, to attract private investors in state-certified productions; b. in the long-term, to encourage the development of a skilled state workforce trained in the film and video industry. C. This Chapter shall apply to any person: 1. claiming a credit; 2. transferring or selling a credit; or 3. acquiring a credit under this program.