TAXES & INCENTIVES

Annual refundable credit up to 6% of payroll for a period of up to 10 years.

Provides credit for up to 25% of production or infrastructure development.

Provides company-customized pre-employment and on-the-job training and recruitment for existing and new employees.

Exempts new manufacturers & expansions from state, parish and local property taxes for up to 10 years.

Property tax abatement for properties in approved districts, provides five-year abatement for the rehabilitation of an existing structure with possible 5 year extension.

Louisiana businesses receive an exemption of the 4 percent state sales, use, lease and rental tax on eligible machinery & equipment purchased in the state including customized software developed in the state.

Tax credits & rebates for hiring workers within a designated zone. $2,500 credit per new job, and 4% rebate of sales/use tax on materials, machinery or equipment.

100% state income tax credit on inventory taxes paid.

Sellable income/franchise tax credits up to 20% of R & D expenditures claim on federal taxes.

Provides credit for up to 8% of the state’s apportioned share of increased R&D expenses or 25% of its apportioned share of federal research.

Provides credit for up to 20% of qualified production expenditures.

Federal program available in approved census tracts which allows investment to reduce taxes on capital gains. Properties in opportunity zones may also quality for restoration tax abatements.