la
incentives
LOUISIANA BUSINESS INCENTIVES |
QUALITY
JOBS PROGRAM
Provides up to 6% rebate on annual payroll expenses for up to 10 years; and either a 4% sales/use tax rebate on capital expenditures or an investment tax credit equal to 1.5% of qualifying expenses. |
INDUSTRIAL
PROPERTY TAX EXEMPTION PROGRAM
Provides 100% property tax abatement for up to 10 years on materials used in new manufacturing. Program benefits can be combined with those of other programs,
such as the Enterprise Zone or Quality Jobs programs.
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ENTERPRISE
ZONE PROGRAM
Provides a $2,500 tax credit for each certified net new job created; and either a 4% sales/use tax rebate on capital expenditures or income and franchise credits up to 1.5% of investment. |
PORT INFRASTRUCTURE TAX CREDIT
Provides private sector investors a credit of up to 100% of their capital expenditures for qualifying projects of $5 million or more at a Louisiana public port.
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ECONOMIC
DEVELOPMENT ASSISTANCE PROGRAM (EDAP)
Administered by the Louisiana Department
of Economic Development, this provides grants for publicly owned
infrastructure to assist industrial or business development
projects that promote economic development and that require
state assistance. |
LOUISIANA FASTSTART
Provides workforce recruitment, screening, and training to new and expanding Louisiana companies at no cost. |
RESTORATION
TAX ABATEMENT PROGRAM
Provides a five-year 100% property tax abatement for the rehabilitation of an existing structure. |
Most
of Louisiana's tax credit programs are administered by
the
Louisiana
Department of Revenue.
A booklet outlining the eligibility requirements and forms
is available online. |
INVENTORY
TAX CREDIT
The Inventory Tax Credit provides a 100 percent refundable
tax credit against state corporate income and franchise
taxes for inventory taxes paid to political subdivisions.
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CORPORATE
JOBS TAX CREDIT PROGRAM
The Corporate Jobs Tax Credit Program provides credits
of up to $225 per new worker. The credits can be used
to satisfy state corporate income taxes and are an alternative
option to the benefits of the state's Industrial Property
Tax Exemption program and Enterprise Zone program benefits.
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RESEARCH
AND DEVELOPMENT TAX CREDIT PROGRAM
Provides a tax credit up to 40% to existing businesses with operating facilities in Louisiana to establish or continue research and development activities within the state. |
BIOTECHNOLOGY
SALES/USE TAX EXEMPTION
Under the plan, equipment classified under the NAICS biotechnology
category will be exempt from all state and local sales/use
taxes. |
CUSTOMIZED
SOFTWARE TAX PHASE-OUT
Customized software developers in Louisiana are exempt
from state sales and use taxes (local is optional). |
MOTION PICTURE INDUSTRY DEVELOPMENT TAX CREDIT
A transferable tax credit of 30% for qualified motion picture production expenditures and an additional 5% tax credit for Louisiana resident labor expenditures. |
AUTOMOTIVE
AND AEROSPACE INDUSTRY TAX CREDIT
The program provides a $5,000 one-time income tax credit
per new job for companies that participate in the Enterprise
Zone program in the automotive and aerospace industries.
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RURAL
TAX INCREMENT FINANCING
The Rural TIF Program allows parishes or municipalities
with a population of at least 250,000 the ability to offer
tax increment financing on sales, use, property, and hotel
occupancy taxes. |
COOPERATIVE
ENDEAVOR AGREEMENTS
Allows the use of public funds for cooperative endeavor
agreements for economic development projects to be used
on privately owned land or buildings, instead of need
for public ownership for transaction. |
TAX
EQUALIZATION
The state of Louisiana will match the tax rates of a competing
state if necessary to retain a business in the state.
Approval by the LA Legislature is required. |
INDUSTRY
ASSISTANCE PROGRAM
Financially distressed companies anticipated to close
in the state might be eligible for tax relief from the
state in order to retain jobs and investment. Approval
by the LA Legislature is required. |
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