Instructions For Louisiana Nonresident Professional Athlete Individual Income Tax Return

CODE

CREDIT DESCRIPTION

CODE

CREDIT DESCRIPTION

224 – New Jobs Credit — R.S. 47:34 and R.S. 47:287.749

240 – Ports of Louisiana Import Export Cargo — R.S.

provide a credit to employers who establish or expand

47:6036(I) provides a credit to individuals to encour-

a business in the state. A schedule that includes the

age the use of state port facilities in Louisiana. The

calculation of the credit must be attached to the return

credit is based on the number of tons of qualified cargo

and must include the name, address, and Social Security

imported and exported from or to manufacturing, fabrica-

Number of each new employee; highest number of full-

tion, assembly, distribution, processing or warehousing

time and qualified part-time employees during the previous

facilities located in the state. Taxpayers must apply to

year; highest number of full-time and part-time employees

the Louisiana Department of Economic Development to

during the current year; number of new employees hired

receive certification. A copy of the certification of the credit

for new jobs created during this taxable year; and amount

must be attached to the return.

of credit carried forward from the previous year.

251 – Motion Picture Investment — R.S. 47:6007(C)(1) pro-

226 – Refund by Utilities — R.S. 47:287.664 provides a credit

vides a credit for an individual taxpayer residing in

against Louisiana income tax for certain court ordered

Louisiana who invests in a state-certified, motion picture

refunds made by utilities to its customers.

production. Taxpayers taking this credit may attach Form

228 – Eligible Re-entrants — R.S. 47:287.748 provides a

R-10611, available on LDR’s website, as documentation

credit to a taxpayer who employs an eligible re-entrant

for this credit.

in Louisiana. An eligible re-entrant is defined as one who

252 – Research and Development — R.S. 47:6015 provides

has been convicted of a felony and who have success-

a credit for any taxpayer who claims a federal income

fully completed the Intensive Incarceration Program as

tax credit under 26 U.S.C. §41(a) for increasing research

provided for in R.S. 15:574.4.

activities. Use this code for Research and Development

230 – Neighborhood Assistance — R.S. 47:35 and R.S.

credits earned for expenditures made in tax years begin-

47:287.753 provide a credit for an entity engaged in the

ning before January 1, 2009. See Revenue Information

activities of providing neighborhood assistance, job train-

Bulletin 09-020 on LDR’s website.

ing, education for individuals, community services, or

253 – Historic Structures — R.S. 47:6019 provides a credit if

crime prevention in the state of Louisiana. The tax credit is

the taxpayer incurs certain expenses during the rehabilita-

limited to 70 percent of the actual amount contributed for

tion of a historic structure that is located in a Downtown

investment in programs approved by the Commissioner of

Development District or cultural product district. For

Administration and the credit shall not exceed $250,000

information on qualifying for this credit, please refer to

annually.

Revenue Information Bulletin 06-002 on LDR’s website.

232 – Cane River Heritage — R.S. 47:6026 provides a credit for

254 – Digital Interactive Media — R.S.47:6022 provides a

a heritage-based cottage industry located or to be located

credit to individuals for the investment in businesses spe-

in the Cane River Heritage Area Development Zone. The

cializing in digital interactive media. Taxpayers must apply

taxpayer must enter into a contract with the Louisiana

to the Louisiana Department of Economic Development to

Department of Culture, Recreation, and Tourism, and a

receive certification. A copy of the certification of the credit

copy of the contract must be attached to the return.

must be attached to the return.

234 – LA Community Economic Development — R.S.

256 – Motion Picture Employment of Resident — R.S.

47:6031 provides a credit for the amount of money

47:1125.1 provides a credit for the employment of resi-

donated, contributed, or represented by a sale below cost

dents of Louisiana in connection with the production of

by the taxpayer to a certified community development

a motion picture. The credit may flow to an individual

corporation or a certified community development financial

institution. The credit must be certified by the Louisiana

via a partnership, limited liability company, Subchapter

Department of Economic Development, and a copy of the

S Corporation, or other entities. Refer to Revenue

certification must be attached to the return.

Information Bulletin 05-005 on the Department’s website.

236 – Apprenticeship — R.S. 47:6033 provides a credit to

257 – Capital Company — R.S. 51:1924 provides a credit

employers for one dollar for each hour of employment

for any person who invests in a certified Louisiana

of an eligible apprentice, limited to 1,000 hours for each

Capital Company. This credit must be approved by the

eligible apprentice. An eligible apprentice is a person who

Commissioner of the Office of Financial Institutions. A

has entered into a written apprentice agreement with an

copy of your certification must be attached to the return.

employer or an association of employers pursuant to a

258 – LA Community Development Financial Institution

registered apprenticeship program or who is enrolled

(LCDFI) — R.S. 51:3081 et seq. provides a credit to

in a training program accredited by the National Center

encourage the expansion of businesses in economi-

for Construction Education and Research. For more

cally distressed areas. The Louisiana Office of Financial

information regarding this credit, contact the Louisiana

Institutions administers this program.

Workforce Commission.

259 – New Markets — R.S. 47:6016 provides a credit if the

238 – Ports of Louisiana Investor — R.S. 47:6036(C) pro-

taxpayer makes certain qualified low-income community

vides a credit to individuals to encourage investment in

investments, as defined in Section 45D of the Internal

state port facilities in Louisiana. Taxpayers must apply to

Revenue Code. The taxpayer must be certified by the

the Louisiana Department of Economic Development to

Louisiana Department of Economic Development and

receive certification. A copy of the certification of the credit

approved by LDR. Information on the program invest-

must be attached to the return.

ment limits are frequently posted as Revenue Information

Bulletins on LDR’s website.

Instructions For Louisiana Nonresident Professional Athlete Individual Income Tax Return - 2011 Page 8

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