If you own a high-tech company, Louisiana wants you to help its economic development. To prove it, the state has enhanced its Digital Media Tax Credit program and extended its Technology Commercialization Tax Credit program to attract more media and research companies.
Senate Bill 123 enhances the Digital Media tax credit program, which offers tax credits of 25 percent on qualified interactive software production in entertainment, healthcare, engineering and other sectors, by offering a refundable, rather than a transferable credit. The change is intended to allow participating companies to receive a significantly larger benefit from the program without extra cost to the state for a given project.
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