LOUISIANA BUSINESS INCENTIVES
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.
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.
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.
Provides workforce recruitment, screening, and training to new and expanding Louisiana companies at no cost.
TAX ABATEMENT PROGRAM
Provides a five-year 100% property tax abatement for the rehabilitation of an existing structure.
of Louisiana's tax credit programs are administered by
Department of Revenue.
A booklet outlining the eligibility requirements and forms
is available online.
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.
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.
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.
SALES/USE TAX EXEMPTION
Under the plan, equipment classified under the NAICS biotechnology
category will be exempt from all state and local sales/use
SOFTWARE TAX PHASE-OUT
Customized software developers in Louisiana are exempt
from state sales and use taxes (local is optional).
|MOTION PICTURE INVESTOR 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.
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.
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
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.
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.
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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