Credit Caps
Louisiana Department of Revenue is providing the following information pertaining to caps placed on credits pursuant to Act 134 of the 2015 Regular Session of the Louisiana Legislature. These Acts established a cap of the following credits:
The information provided below is updated as of: May 31, 2024.
Motion Picture Investor and Infrastructure Tax Credit Cap
| Fiscal Year | Cap on credit claims | Amount of approved credits against cap (See Note 1 ) | Estimated amount of claims pending review (See Note 2 ) | Estimated amount of priority claims from prior year | Estimated amount of cap available |
|---|---|---|---|---|---|
| 2015-2016 | $180,000,000 | $154,166,543 | $0 | $25,833,457 | |
| 2016-2017 | $205,833,457 | $367,723,254 | $0 | $0 | ($161,889,797) |
| 2017-2018 | $180,000,000 | $142,971,562 | $0 | $161,889,797 | ($124,861,359) |
| 2018-2019 | $180,000,000 | $173,860,806 | $0 | $124,861,359 | ($118,722,165) |
| 2019-2020 | $180,000,000 | $177,891,866 | $0 | $118,722,165 | ($116,614,031) |
| 2020-2021 | $180,000,000 | $85,272,200 | $0 | $116,614,031 | ($21,886,231) |
| 2021-2022 | $180,000,000 | $143,735,773 | $0 | $21,886,231 | $14,377,996 |
| 2022-2023 | $194,377,996 | $134,482,210 | $0 | $0 | $59,895,786 |
| 2023-2024 | $239,895,786 | $121,202,820 | $9,168,388 | $0 | $109,524,577 |
Note 1: Amount of approved credits against cap
This amount represents claims on returns that have been reviewed, approved and posted to the taxpayer's account prior to the effective date of the report. The amount projected herein concerning the availability of funds as it relates to the amounts authorized for any given fiscal year are intended only as an estimate and may not reflect all credits which have been granted or which have been claimed and are awaiting processing. Further, such availability is subject to fluctuation based upon the volume and quantity of credits claimed at any given time. As such, the Department of Revenue cannot substantiate the accuracy of the amount of estimated available funds at any given time and taxpayers relying on such estimated available fund amounts do so at their own risk.
Note 2: Estimated amount of claims pending review
This amount represents claims on returns received prior to the effective date of the report that have not been reviewed or verified prior to the effective date of the report. The amount projected herein concerning the quantity of credits not yet claimed is intended only as an estimate and may not reflect all credits which have been granted or which have been claimed and are awaiting processing. Further, such estimate is subject to fluctuation based upon the volume and quantity of credits claimed at any given time. As such, the Department of Revenue cannot substantiate the accuracy of the amount of estimated unclaimed credits at any given time and taxpayers relying on such estimated unclaimed credit amounts do so at their own risk.
For more information, see: