May 20, 2013 20:07 Movie credits to be measured Movie credits to be measured the associated press May 20, 2013 Comments Motion picture production companies wanting to qualify for Louisiana tax credits would first have to submit a certified audit of the planned expenditures to the state, under a bill approved Thursday by the state Senate. The cost report analyzed by an independent certified public accountant would have to be submitted before a tax credit is issued. Under current law, the investor tax credit is issued without an audit, officials said. Senate Bill 165’s sponsor, state Sen. Danny Martiny, R-Kenner, said the requirement was an attempt to regulate, not harm, a multibillion dollar industry. He said it would allow companies to know what the state expects for compliance. “We do need a good measurement for every tax credit the state offers,” said state Sen. Francis Thompson, D-Delhi. “I think that’s what Sen. Martiny is attempting to do.” SB165 was approved 37 to 1. It now moves to the Louisiana House for further discussion.