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Taxes and Development Incentives
Louisiana Economic Development -- Incentive Evaluator
The following link will help you perform a quick evaluation of which Louisiana State development incentives may be best for your company. See the four step process here. Additional detailed information is provided below.
Louisiana State Taxes and Fees
Provides workforce recruitment, screening and training to new and expanding Louisiana companies at no cost.
Provides a 25% tax credit for qualified production expenditures in Louisiana and a 35% tax credit for Louisiana resident labor expenditures.
Development Award Program
Provides funding for site and/or infrastructure improvements for projects creating new jobs.
Provides a $2,500 tax credit for each certified net new job created; and either a 4% sales/use tax rebate on capital expenditures or income and franchise tax credits up to 1.5% of investment.
Provides tax incentives for business development in parishes most affected by hurricanes Katrina and Rita, including 50% bonus depreciation and tax exempt bonds.
Provides property a 100% tax abatement for up to 10 years on materials used in new manufacturing.
Performance Tax Credit
Provides a tax credit up to 25% on qualified production or infrastructure development expenditures, with additional tax credits available for payroll and transportation expenditures.
Provides up to $50,000 in tax credits for Louisiana-based contractors who provide competitive technical assistance to protégé construction firms.
Provides a 5% refundable state tax credit for manufacturers modernizing or upgrading existing facilities in Louisiana.
Picture Industry Development Tax Credit
A transferable tax credit of 30% for qualified motion picture production expenditures and an additional 5% tax credit for Louisiana resident labor expenditures.
Markets Tax Credit
Investors in qualified projects can obtain a federal income tax credit of 5% to 6% of the amount invested for each year the investment is held, for up to seven years.
Provides up to 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.
Provides federal income tax credits to businesses investing in Renewal Communities, which are distressed areas in urban and rural communities that the federal government has targeted for development.
& Development Tax Credit
Provides a tax credit up to 40% to existing businesses with operating facilities in Louisiana to establish or continue research and development activities within the state.
Provides a five-year 100% property tax abatement for the rehabilitation of an existing structure.
Recording Investor Tax Credit
Provides a 25% refundable tax credit for qualified production expenditures on state-certified sound recording projects.
Commercialization Credit and Jobs Program
Provides a 40% refundable tax credit for companies that invest in the commercialization of Louisiana technology and a 6% payroll rebate for the creation new, direct jobs.
526 Georgia Ave.
P. O. Box 668 Bogalusa, LA
Washington Parish Economic Development Foundation
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