National Concert Tours And Broadway Productions Propel The Live Performance Industry
Louisiana provides the perfect space for any production with readily available theaters and live performance venues, as well as competitive incentives, a business-friendly climate and rich creative culture. Whether launching a national concert tour or staging a new theatrical production, Louisiana’s unique blend of advantages creates the ultimate opportunity for success. Recent live performances have included artists as diverse as Taylor Swift, George Strait, Cirque de Soleil, Eric Church and Jason Aldean.
The state is home to many world-class, state-of-the-art facilities. With the renovated historic Saenger Theatre, as well as the Strand, Civic, Joy and Carver theaters, Louisiana is a major destination for Broadway and other live performances. Shreveport-Bossier City welcomed Jimmy Buffet’s Paradise Theater which offers visitors a very intimate experience. Tipitina’s Co-Op expanded to Lake Charles and Monroe, complementing existing facilities in Shreveport, New Orleans and Baton Rouge.
The Musical and Theater Production Tax Incentive Reduces Costs
The Musical and Theatrical Production Tax Incentive offers a unique tax credit for production expenditures and state-certified higher education musical or theatrical infrastructure projects, with tax credit value increasing with the total production expenditures:
- 7.2 percent tax credit for certified Louisiana expenditures between $100,000 and $300,000
- 14.4 percent tax credit for certified Louisiana expenditures between $300,000 and $1,000,000
- 18 percent tax credit for certified Louisiana expenditures over $1,000,000
In addition, the state offers a 7.2 percent tax credit on payroll expenditures for Louisiana residents.