Louisiana Targets Video Game Developers with Big Tax Credits
Electronic Arts was the first of multiple companies heading to Louisiana
NEW ORLEANS – Post-Katrina, Louisiana courted Hollywood with major tax rebates and film and television production has skyrocketed. Now the state is looking at video games as a new way to bolster its economy. The state’s Digital Media Incentive program provides a tax credit of 25% of qualified production expenditures for state-certified digital interactive productions in Louisiana and 35% tax credit for payroll expenditures for Louisiana residents. Electronic Arts has already opened up shop in Baton Rouge and now Gameloft is opening a studio in New Orleans.
The program includes a 25% tax credit for digital interactive media expenditures made in Louisiana, a 35% tax credit on payroll expenditures for Louisiana residents, no annual cap on tax credits, and the tax credit can be sold or applied against Louisiana tax liability.
Louisiana's Digital Media Incentive is available to businesses in the digital media industry that develop products including video games, simulation/training software and social media applications.
This tax credit does not apply to software developed for institutional, private or internal purposes, or largely static Internet sites designed to provide information about a person, business, company or firm. The tax credit does not apply to products regulated under the Louisiana Gaming Control Law.
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About the Author
John Gaudiosi
Editor-in-Chief
John Gaudiosi has been covering videogames for the past 20 years for outlets like The Washington Post, CNET, Wired Magazine and CBS.com. He has focused on the convergence of entertainment and videogames for outlets like Video Business, Home Media Magazine, Entertainment Weekly, The Hollywood Reporter and Variety. He currently serves as Editor-in-Chief of Gamerlive.TV and is also a freelance game columnist for Reuters and writes for outlets like Forbes.com, NVISION, Official PlayStation Magazine, EGM Now, Geek Monthly, PrimaGames.com, and Yahoo! Games. John also serves as the video game expert for NBC in Washington D.C. and has produced videogame documentaries for The History Channel and Starz Entertainment. John was named one of the Top 50 Game Journalists in the world by Next-Gen.biz in 2007. He is the co-author of Scholastic Books' How to Get into Videogames, Prima Publishing's Madden: Twenty Years of Videogame Football and Electronic Arts: The Official History.
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