2013 Louisiana Laws
Revised Statutes
TITLE 47 - Revenue and Taxation
RS 47:1123 - Definitions

§1123. Definitions

The following words and phrases as used in this Chapter shall have the following meanings unless the context of use clearly indicates otherwise:

(1) "Company" means a corporation, partnership, limited liability company, or other business entity.

(2) "Department" means the Louisiana Department of Economic Development.

(3) "Financial institution" or "institution" means any bank or savings and loan in the state which is insured by the FDIC.

(4) "Motion picture" means a nationally distributed feature-length film, video, television series, or commercial made in Louisiana, in whole or in part, for theatrical or television viewing or as a television pilot. The term "motion picture" shall not include the production of television coverage of news and athletic events.

(5) "Motion picture production company" means a company engaged in the business of producing nationally distributed motion pictures, videos, television series, or commercials intended for a theatrical release or for television viewing. Motion picture production company shall not mean or include any company owned, affiliated, or controlled, in whole or in part, by any company or person which is in default on a loan made by the state or a loan guaranteed by the state.

(6) Repealed by Acts 2001, No. 9, §10, eff. July 1, 2001.

(7) "Payroll" means salary, wages, or other compensation including related benefits.

(8) "Resident" or "resident of Louisiana" means a natural person and, for the purpose of determining eligibility for the tax incentives provided by this Chapter, any person domiciled in the state of Louisiana and any other person who maintains a permanent place of abode within the state and spends in the aggregate more than six months of each year within the state.

(9) "Secretary" means the secretary of the Louisiana Department of Economic Development.

(10) "State-certified production" shall mean a production approved by the Governor's Office of Film and Television Development or the office of entertainment industry development of the Department of Economic Development, and the secretary of the Department of Economic Development, produced by a motion picture production company domiciled and headquartered in Louisiana which has a viable multi-market commercial distribution plan.

Acts 1990, No. 480, §1, eff. July 18, 1990; Acts 1998, No. 55, §1, eff. July 1, 1998; Acts 2001, No. 9, §§7 and 10, eff. July 1, 2001; Acts 2002, 1st Ex. Sess., No. 1, §1, eff. July 1, 2002; Acts 2002, 1st Ex. Sess., No. 5, §1, eff. July 1, 2002; Acts 2005, No. 456, §1; Acts 2007, No. 456, §2, eff. July 1, 2007.

NOTE: Acts 2005, No. 456, §2, provides that the "Act shall become effective for taxable years beginning after December 31, 2005, and shall not apply to state-certified productions that have received an effective initial certification date that is prior to December 31, 2005. For state-certified infrastructure projects, this Act shall become effective on or after July 1, 2005."