Category: Economic Incentives for Businesses of All Sizes
Property tax abatement: provides a 100% property tax abatement for up to 10 years on manufacturer’s qualifying capital investments
Eligibility (Not Comprehensive)
Businesses must be classified as a manufacturer or related to the manufacturing project in order to receive the benefits of the ITEP program. ITEP is only available for activities related to manufacturers.
The program can be used by manufacturers new to Louisiana and is also available to exiting manufacturers in Louisiana with new investments and miscellaneous capital additions to existing facilities.