| Program Name |
Benefit |
Eligibility (not comprehensive) |
| Enterprise Zone |
Tax credit program: provides a one-time $2,500 tax credit per certified net new job, and either a 4% sales/use tax rebate on capital expenditures or an investment tax credit equal to 1.5% of qualifying expenses |
• Must increase employment within specified time frame
• Must hire 35% of new workers from one of four targeted groups
|
| Quality Jobs |
Cash rebate: provides 5% or 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 |
• Must fall within one of the state’s target industries or
• Have total annual out-of-state sales of at least 50%
|
| Restoration Tax Abatement |
Property tax abatement: provides five-year 100% abatement for the rehabilitation of an existing structure based on assessed valuation of property prior to beginning of improvements |
• Must be located in a qualifying district and approved bylocal governing authority
• Does not exempt the acquisition cost of the structure
|
| Industrial Tax Exemption |
Property tax abatement: provides a 100% property tax abatement for up to 10 years on manufacturer’s qualifying capital investments |
• Applies only to capital investments by Louisiana manufacturers
• Property must remain on the site at all times
|
| Research and Development Tax Credit |
Tax credit program: provides up to a 40% tax credit for Louisiana businesses (based on employment) that conduct research and development activities in Louisiana |
• Must have incurred federal research and development expenses and/or received SBIR/STTR grant(s) |
| Sound Recording Investor Tax Credit |
Tax credit program: provides a 25% refundable tax credit on qualified expenditures for sound recording productions |
• Must spend at least $15,000 in Louisiana |
|
Digital Media
and Software Incentive
|
Tax credit program: provides a 25% tax credit on qualified production expenditures and a 35% tax credit for Louisiana resident labor expenditures |
• Must be a digital interactive media production in Louisiana
• Excludes largely static Internet sites and products regulated under the Louisiana Gaming Control Law |
| Motion Picture Industry Development Tax Credit |
Tax credit program: provides a tax credit of 30% on qualified production expenditures and an additional 5% tax credit for Louisiana resident labor expenditures |
• Must spend at least $300,000 on motion picture production in Louisiana |
|
Live Performance Tax Credit
|
Tax credit program: provides a tax credit of up to 25% on qualified production or infrastructure development expenditures; additional credits available for payroll and transportation expenditures |
• Must spend at least $100,000 on live performance production or infrastructure projects in Louisiana |
|
Louisiana FastStart
|
Workforce development program: provides workforce recruitment, screening and training to new and expanding Louisiana companies at no cost |
• Any manufacturing, digital media, corporate headquarters, warehouse and distribution, research and development or other strategic facility must commit to creating at least 15 jobs
• Service providers must commit to creating at least 50 jobs
|
|
|
Economic Development Award Program
|
Loan/grant program: provides funding for publicly owned infrastructure in support of business development projects |
• Must be a public or quasi-public state entity requesting a minimum of $50,000
• Must create or retain at least 10 permanent jobs in Louisiana
|
|
Technology Commercialization Credit and Jobs Program
|
Tax credit program: provides 40% refundable tax credit on costs related to the commercialization of Louisiana technology and a 6% payroll rebate for the creation of new direct jobs
|
• Must commercialize a technology developed in Louisiana
• Must partner with a Louisiana higher education institute or be a governmental research institution
|
|
Modernization Tax Credit
|
Tax credit program: Provides a 5% refundable state tax credit for manufacturers modernizing or upgrading existing facilities in Louisiana |
• Must improve entire facility’s or specific unit’s efficiency by 10% or more or
• Facility must be in competition for capital expenditures within a company’s established capital expenditure budget plan
|
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