Competitive Projects Payroll Incentive

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 (Not Comprehensive)

At least 50 percent of the total sales of the business from its Louisiana site or sites are to out-of-state customers or buyers, or to in-state customers or buyers who resell the product or service to an out-of-state customer or buyer for ultimate use, or to the federal government, or any combination.

Projects selected to participate in the program must demonstrate net new jobs and payroll within the state and the project is deemed to be competitive in nature.

The business offers, or will offer within ninety days of the effective date of qualifying for the incentive rebates, a basic health benefits plan to the individual it employs.