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Record In Michigan & Louisiana And Get A Tax Credit

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It's no secret that the economy is struggling just about everywhere and that governments at all levels are attempting to do something about it.  At least two states, Michigan and Louisiana, have extended their efforts to include musicians and the music industry by offering tax credits. 

A little known clause in a Michigan law designed to attract filmmakers to the state extends 42% tax credits to those producing records within its borders.  But these credits don't apply to every project.  The minimum which must be spent for the project to be eligible is $50,000.  That's far below most indie projects and some are calling for the threshold to be lowered.  Others are reportedly going to wrap video production into the budget to reach the needed total.

Recording budgets in Louisiana can be much smaller to qualify for that state's giveback, but the tax credit is smaller as well.  Projects in Louisiana, which is being actively promoted by the sates Office of Entertainment Industry Development, can total as little as $15,000 which will return a credit of 15 – 25%.

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  1. In Louisiana this program has been around for some time and it has produced great benefit to the musicians, the local studios and the state’s bottom line. Dave Matthews was a high profile act the recently took advantage of the credit but much smaller acts benefit as well. Sure the new Treme series will leverage this and studios like the Music Shed are able to support talented engineers and keep the room booked. As a New Orleans native, it’s nice to see the home town leading a positive trend. We have a wealth of musical talent down here. Now these artists can record at a discounted rate, thanks to the tax credit.

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