Tax Credits

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.

TAX EXEMPTIONS

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.

SPECIAL ZONING

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.

CASH REBATES

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.

JOB TRAINING

FastStart®: Provides free customized employee recruitment, screening, and training for new and expanding businesses.

 

Last updated: April 2017


 
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