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
More Economic Incentives for Businesses of All Sizes
Benefit
Rebate: provides a payroll rebate of up to 15% in target sectors for up to 10 years and either a 4% sales/use tax rebate on capital expenditures or a facility expense rebate equal to 1.2% of capital expenditures, excluding tax-exempted items.
Eligibility...
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Benefit
Tax credit program: provides a 35% refundable tax credit for Louisiana resident labor expenditures and up to a 25% refundable tax credit on qualified production expenditures.
Eligibility (Not Comprehensive)
Open to all companies producing digital interactive media products or platforms in...
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Benefit
Tax credit program: provides a one-time $2,500 tax credit per certified net new permanent, full-time job, and either a 4% sales/use tax rebate on qualifying expenses or an investment tax credit equal to 1.5% of capital expenditures, excluding tax-exempted items.
Eligibility (Not...
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Benefit
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...
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Benefit
Workforce development program: provides workforce recruitment, screening and training to eligible new and expanding Louisiana companies at no cost.
Eligibility (Not Comprehensive)
Any manufacturing, digital media, corporate headquarters, warehouse and distribution, research and development or other strategic facility must commit to...
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Benefit
Tax credit program: provides a tax credit of up to 30% on qualified production expenditures and an additional 10% tax credit for Louisiana resident labor expenditures.
Eligibiltiy (Not Comprehensive)
Open to all motion picture production companies headquartered and domiciled in Louisiana...
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Benefit
Tax credit program: provides a tax credit of 18% for musical and theatrical productions and state certified higher education infrastructure projects; additional credits are available for employing Louisiana residents and students in conjunction with state certified musical and theatrical productions.
Eligibility (Not...
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Benefit
Cash rebate: 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 capital expenditures, excluding tax-exempted items.
Eligibility (Not...
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Benefit
Tax credit program: provides a 18% tax credit issued as a rebate on qualified expenditures for sound recording productions.
Eligibility (Not Comprehensive)
This program incentivizes sound recording, defined as recording of music, poetry or spoken-word performance made in Louisiana and produced...
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Benefit
Tax credit program: Provides a refundable tax credit of 28.8% for individuals or businesses that invest in the commercialization of Louisiana technology and a payroll rebate of 4.32% for the creation of new direct jobs.
Eligibility (Not Comprehensive)
Must commercialize a...
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