Sound Recording Investor Tax Credit

Overview

The Sound Recording Investor Tax Credit provides an 18% tax credit for sound recording projects made in the State of Louisiana. Louisiana also offers some of the world’s finest talent and great recording studios to complement the attractive financial benefits of recording in state. Sound recording investor tax credits are issued as rebates.

  • Provides an 18% tax credit on sound recording expenses.
  • Program is subject to a cap of $2.16 million between July 1, 2015 and June 30, 2018.
  • Starting July 1, 2018, program is subject to a cap of $3 million in tax credits per calendar year.

Eligibility

The program incentivizes sound recording, defined as a recording of music, poetry or spoken-word performance made in Louisiana and produced in Louisiana in whole or in part. A $15,000 minimum in expenditures is required, with a $5,000 minimum expenditure requirement for Louisiana residents.

Qualifying sound recordings include:

  • Recording, tracking and overdubbing of music and vocal performances
  • Recording of film scores
  • Recording of spoken word performance
  • Recording of live musical performances

Eligible expenditures:

  • Studio rental fees and associated fixed costs
  • Artist and musician salaries directly related to a certified recording project
  • Producer fees directly related to a certified recording project
  • Mixing and mastering of a recording made in whole or in part in the State of Louisiana
  • Instrument and equipment rental
  • Hotel, airfare (when booked through a Louisiana Travel Agent), and catering expenditures directly related to a certified recording project

Non-eligible expenditures:

  • Mixing, mastering or any post-production expenditures for projects not originally recorded in Louisiana are considered non qualifying
  • Producer fees in excess of 20% of the entire project budget are considered non-qualifying
  • Studio rental fees may be limited if they are found to be in excess of fair market value
  • Expenditures associated with related party transactions may be limited as detailed in cost report guidelines
  • All costs associated with duplication, packaging, marketing and distribution are non-qualifying

Program Rules: 

All incentive program rules are in the Louisiana Administrative Code maintained by the Office of the State Register.

How to Apply

Download helpful tips and instructions on applying and completing the form.
Download Application.

For more information on the Sound Recording Investor Tax Credit, contact the program administrator:

Philip Mann
Director, Live Performance and
Music Industry Development
225.342.5521
PMann@la.gov

Lacey McRight
Assistant Director, Music
and Live Performance
225.342.5553
lacey.mcright@la.gov