Research & Development Tax Credit

Benefit

Tax credit program: provides up to a 40% tax credit for Louisiana businesses (based on employment) that conduct research and development activities in Louisiana

Eligibility (Not Comprehensive)

Must have incurred research and development expenditures in Louisiana and who can meet certain requirements (where listed).

Only research and development conducted in Louisiana will qualify for the Tax Credit Incentive.

In order for credits to be awarded, a taxpayer must claim the expenditures within one year after December 31 of the year in which the expenditure was incurred.

Category: Economic Incentives for Businesses of All Sizes

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