Research and Development Tax Credit: Provides a non-refundable and non-transferable tax credit of up to 40% for R&D expenditures incurred in the State.
Technology Commercialization Tax Credit: Provides a 28.8% refundable tax credit for companies that invest in the commercialization of Louisiana technology. Program also offers a 4.32% payroll rebate for creation of new jobs in the Louisiana technology industry.
Sales Tax Exemptions: Manufacturing machinery and equipment, natural gas and utilities are exempt from sales tax.
Industrial Tax Exemption: This program offers an abatement of local property taxes for up to 10 years on a manufacturer’s new investment and annual capitalized additions related to the manufacturing site.
Enterprise Zone: Businesses that create net new jobs and hire at least 50% of the new employees from one of four targeted groups are eligible to receive income and franchise tax credits. The benefits include either a one-time $3,500 or $1,000 tax credit for each new full-time job created and a state sales/use tax rebate on materials, machinery, furniture and equipment or a 1.5% refundable investment tax credit on total capital investment.
Quality Jobs (QJ) program: Cash rebates of up to 6% of annual payroll expenses for new direct jobs for up to 10 years. The State also has the ability to offer either a state sales and use tax rebate on capital expenditures or a 1.5% project facility expense rebate for qualified expenses.
Competitive Projects Payroll Incentive Program: Provides companies with an incentive rebate of up to 15% of new payroll for up to 10 years. Additionally, the company will be eligible for either a rebate of state sales and use taxes on capital expenditures or a rebate equal to 1.2% of project facility expenses.
FastStart®: Provides free customized employee recruitment, screening, and training for new and expanding businesses.
Last updated: April 2017