State Incentives Note: A number of these programs require an Advanced Notification form and fee be submitted to Louisiana Economic Development (LED) prior to any construction, renovations, purchases, hiring of employees, etc. If you fail to submit this Advanced Notification, you will not be eligible to participate in the program(s). To find out more about the requirements, please click here. Electronically file your Advanced Notification by registering with FastLane. Louisiana's Quality Jobs Program - Provides up to a 6% cash rebate of new eligible payroll.
- Tax credit may be used to satisfy state income tax or state franchise tax obligations.
- Provides for a 4 percent sales tax rebate on taxable expenditures such as building materials, furniture, equipment, and fixtures or a 1.5% refundable Investment tax credit.
- If applicable, a portion of the local sales/use tax may be available.
Enterprise Zone - Qualifying businesses are eligible for a one-time tax credit for $2,500 ($5,000 for SIC 3720 aircraft & parts or 3760 guided missiles & space vehicles & parts, or NAICS 3363) for each net new permanent job created during the first five years of the project.
- Businesses do not have to be located in and employees do not have to reside in Enterprise Zones to qualify.
- Tax credit may be used to satisfy state income tax or state franchise tax obligations.
- Provides for a 4 percent sales tax rebate on taxable expenditures such as building materials, furniture, equipment, and fixtures or a 1.5% refundable Investment tax credit.
Freeport Law Permits most manufacturers to bring raw materials into the state without having to pay a tax on them until after they have been placed in the manufacturing process Cargoes in transit are exempt from taxation as long as they are kept intact within their smallest original shipping Louisiana ports and distribution facilities are also eligible for Freeport Law exemptions
Industry Assistance Program This program provides a tax exemption to existing Louisiana manufacturers and their contractors give preference and priority to Louisiana manufacturers or Louisiana suppliers, engineers, contractors and labor, except where not Taxes or portions thereof to be exempt can include the following: the corporation franchise tax, state sales and use taxes on goods necessary for production, state sales and use taxes on machinery and equipment, the corporation income tax, and any other taxes imposed directly by the state on the applicant
Digital Media
|
Refer this page to a friend
Print this page