Thursday, July 9, 2009

LOUISIANA INCREASES TAX INCENTIVE

Hello All,

Below is the official announcement of Louisiana's incentive upgrade!

All the best,

Jean-Luc Martin
Producer - Line Producer - UPM

Governor Jindal has just signed HB98, increasing Louisiana tax credits to 30%, with an additional 5% for local hires (capped at the first $1 million), and eliminating the planned phase-down of the tax credit program. The bill provides also for an 85 cent buy-back of certified Louisiana tax credits.

Additionally, SB277 was signed, permanently providing for a 25% tax credit on Digital Media, plus an additional 10% for Louisiana residents.

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