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100 Port Blvd., Suite 10 Chalmette, Louisiana 70043 www.stbernardforward.org
Phone
Office: 504-277-4009 Fax: 504-277-4065  | Louisiana State Incentive Programs
Enterprise Zone
Louisiana's Enterprise Zone Program provides tax credits and sales and use tax refunds to businesses that hire at least 35% of their new employees from one of four targeted groups. Businesses and their contractors receiving State tax rebates or credits under the EZ program are encouraged to give consideration to Louisiana manufacturers, suppliers, contractors, and labor for their project. A one time $2,500 tax credit is generated for each certified net new job created ($5,000 tax credit for net new job for certain automotive or aerospace companies). An additional $2,500 tax credit may be generated in the second year of employment if the new employee is certified as receiving assistance through the Family Independence Temporary Assistance Program(FITAP). (Participation in this program excludes the use of the Quality Jobs Program .)
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Film and Video Sales/Use Taxes Refund Program
This program refunds three of the four cents of Louisiana state sales/use taxes paid out by motion picture production companies that film in the state and pay sales/use taxes on a minimum of $1 million in purchases in the state.
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Quality Jobs
Louisiana’s Quality Jobs Program provides an annual rebate for up to 10-years of 5% of gross annual payroll for minimum hourly wage rates of $9.01, or 6% of gross annual payroll for minimum hourly wage rates of $11.59. The employer must offer a basic health plan (basic hospital care and basic physician care) within 90 days of qualifying for the program. For employees whose wages are less than $50,000 per year, the employer must pay at least 85% of the total premium for health insurance coverage for full-time employees, or at least 50% of the total premium for health insurance coverage for full-time employees and their dependents. For employees whose wages are equal to or greater than $50,000 per year, the amount of the employer decreases from contribution from85% to 70% for those employees. In addition, the program also provides a rebate of state sales/use tax(4%) on materials for building materials, machinery and equipment purchased during the construction period and used exclusively on site. (Participation in this program excludes the use of the Enterprise Zone Program)
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Restoration Tax Abatement
The RTA Program is an economic development incentive created for use by participating municipalities and local governments to encourage the expansion, restoration, improvement, and development of existing commercial structures and owner-occupied residences in Downtown Development Districts, Economic Development Districts, or Historic Districts. The RTA program does not exempt the acquisition cost of the structure. In addition, only equipment which becomes an integral part of that structure can qualify for this exemption (not machinery and equipment used in the business, i.e.: retail gondolas or movable property such as furniture and fixtures, etc).
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Industrial Tax Exemption Program
Available exclusively to manufacturers, the Industrial Tax Exemption Program is Louisiana's original incentive program for capital investments. It applies to capital investments for new or existing Louisiana manufacturers only.
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Research & Development Tax Credit
The Research & Development Tax Credit encourages existing businesses with operating facilities in Louisiana to establish or continue research and development activities within the state. It applies to businesses that encourage development, growth, and expansion within the state; and, encourage new and continuing efforts to conduct research and development activities in the state.
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Industry Assistance Program
The Industry Assistance Program provides a tax exemption when manufacturers and their contractors give preference and priority to Louisiana manufacturers or Louisiana suppliers, engineers, contractors, and labor.
- Must be a Louisiana manufacturer with facilities in the state;
- And, maintain current employment;
- And, commit to significant investment to continue doing business in Louisiana.
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Industrial Property Tax Exemption
New and expanding manufacturers are eligible to receive five-year property tax exemptions, renewable for an additional five years on new capitalized purchases. The exemption may include buildings, machinery, equipment, furniture, and fixtures for new, expanded, or renovated facilities. As with other business incentives provided by the State of Louisiana, in considering applications for property tax exemptions, the Board of Commerce and Industry requests that the business and its contractors give preference to Louisiana manufacturers, suppliers, contractors, and labor.
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Tax Equalization Program
The Tax Equalization Program attracts, retains, and encourages the expansion of manufacturing
establishments, headquarters, warehousing and distribution establishments to Louisiana that would not do so in Louisiana due to a higher tax burden.
- Must be a manufacturing establishment, headquarters or warehousing and distribution establishment planning an expansion;
- The competing site in another state must offer comparative advantages to Louisiana.
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