The State of Louisiana offers several business incentives which are listed below with a brief explanation. For all incentives, an advance notification form and fees must be completed prior to beginning construction, hiring, or purchasing equipment. For more detailed information, these incentives can be found at www.opportunitylouisiana.com.
Economic Incentives for Businesses of All Sizes
COMPETITIVE PROJECTS PAYROLL INCENTIVE: 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 15% of qualifying expenses.
COMPETITIVE PROJECTS TAX EXEMPTION: Provides a 10-year property tax abatement in selected parishes on qualifying capital investments of at least $25 million in targeted non-manufacturing industry sectors. The abatement is for ad valorem taxes in excess of $10 million or 10% of the fair market value of the property, whichever is greater.
CORPORATE HEADQUARTERS RELOCATION PROGRAM: Provides a rebate of up to 25% of facilities and relocation costs, to be claimed in equal parts over five years.
CORPORATE TAX APPORTIONMENT PROGRAM: Provides single-sales factor apportionment to highly competitive projects in order to secure jobs and business investment in target industry sectors.
DIGITAL INTERACTIVE MEDIA AND SOFTWARE DEVELOPMENT INCENTIVE: Provides a 35% tax credit for Louisiana resident labor expenditures and a 25% refundable tax credit on qualified production expenditures.
ENTERPRIZE ZONE PROGRAM: Provides a one-time $2,500 tax credit per certified net new 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.
INDUSTRIAL TAX EXEMPTION: Provides a 100% property tax abatement for up to 10 years on manufacturer's qualifying capital investments.
LED FASTSTART: Provides workforce recruitment, screening and training to eligiblee new and expanding Louisiana companies at no cost.
MOTION PICTURE INVESTOR TAX CREDIT: Provides a tax credit of 30% on qualified production expenditures and an additional 5% tax credit for Louisiana resident labor expenditures.
MUSICAL AND THEATRICAL PRODUCTION TAX INCENTIVE: Provides a tax credit of up to 35% on qualified production or infrastructure development expenditures; additional credits available for payroll and transportation expenditures.
QUALITY JOBS: Provides a 5% or 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.
RESEARCH AND DEVELOPMENT TAX CREDIT: Provides up to 40% tax credit for Louisiana businesses (based on employment) that conduct research and development activities in Louisiana.
RESTORATION TAX ABATEMENT: Provides a five-year 100% property tax abatement for the rehabilitation of an existing structure based on assessed valuation of property prior to beginning of improvements.
SOUND RECORDING INVESTOR TAX CREDIT: Provides a 25% refundable tax credit on qualified expenditures for sound recording productions.
TECHNOLOGY COMMERCIALIZATION CREDIT AND JOBS PROGRAM: Provides a 40% refundable tax credit on costs related to the commercialization of Louisiana technology and 6% payroll rebate for the creation of new direct jobs.
Special Incentives for Small Businesses
ANGEL INVESTOR TAX CREDIT: Provides a tax credit of up to 35% for individual investors when they invest in early-stage, wealth-creating businesses.
ECONOMIC GARDENING INITIATIVE: Provides Louisiana-based small businesses with accelerated technical assistance and research from an experienced national economic gardening team.
SMALL BUSINESS LOAN PROGRAM: Provides up 75% loan guarantees to facilitate capital accessibility.
VETERAN INITIATIVE: Provides veteran-owned and disabled, service-oriented, small businesses with greater potential for access to state procurement and public contract opportunities.