Livingston Parish Chamber of Commerce

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Business Incentives

Summary of Louisiana Tax Incentives

        Louisiana Economic Development offers extensive incentives to attract and retain businesses in Louisiana.  Below is a summary--for more information, visit www.OpportunityLouisiana.com or call 225.342.5675

Enterprise Zone

        Tax credit program: provides a one-time $2,500 tax credit per certified net new job, and either a 4% sales/use tax rebate on capital expenditures or an investment tax credit equal to 1.5% of qualifying expenses   •Must increase employment within specified time frame• Must hire 35% of new  workers from one of four targeted groups


Quality Jobs

        Cash rebate: provides 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 • Must fall within one of the state’s target industries or • Have total annual out-of-state sales of at least 50%


Restoration Tax Abatement

        Property tax abatement: provides five-year 100% abatement for the rehabilitation of an existing structure based on assessed valuation of  property prior to beginning improvements  • Must be located in a qualifying district and approved by local governing authority • Does not exempt the acquisition cost of the structure Industrial Tax Exemption Property tax abatement: provides a 100% property tax abatement for up to 10 years on manufacturer’s qualifying capital investments • Applies only to capital investments by Louisiana manufacturers • Property must remain on the site at all times


Research & Development Tax Credit

        Tax credit program: provides up to a 40% tax credit for Louisiana businesses (based on employment) that conduct research and development activities in Louisiana • Must have incurred federal research and development expenses and/or received SBIR/STTR grant(s)


Sound Recording Investor Tax Credit

        Tax credit program: provides a 25% refundable tax credit on qualified expenditures for sound recording productions • Must spend at least $15,000 in Louisiana


Digital Media and Software Incentive

        Tax credit program: provides a 25% tax credit on qualified production expenditures and a 35% tax credit for Louisiana resident labor expenditures • Must be a digital interactive media production in Louisiana • Excludes largely static Internet sites and products regulated under the Louisiana Gaming Control Law

Motion Picture Investor Tax Credit

        Tax credit program: provides a tax credit of 30% on qualified production expenditures and an additional 5% tax credit for Louisiana resident labor expenditures • Must spend at least $300,000 on motion picture production in Louisiana


Live Performance Tax Credit

        Tax credit program: provides a tax credit of up to 35% on qualified production or infrastructure development expenditures; additional credits available for payroll and   transportation expenditures  • Must spend at least $100,000 on live performance production or infrastructure projects in Louisiana


LED FastStart™

        Workforce development program: provides workforce recruitment, screening and training to new and expanding Louisiana companies at no cost  • Any manufacturing, digital       media, corporate headquarters, warehouse and distribution, research and development or other strategic facility must commit to creating at least 15 jobs • Service providers must commit to creating at least 50 jobs


Technology Commercialization Credit and Jobs Program

         Tax credit program: provides 40% refundable tax credit on costs related to the commercialization of Louisiana technology and a 6% payroll rebate for the creation of new direct   jobs  • Must commercialize a technology developed in Louisiana • Must partner with a Louisiana higher education institute or be a governmental research institution


Modernization Tax Credit

         Tax credit program: provides a 5% refundable state tax credit for manufacturers modernizing or upgrading existing facilities in Louisiana  • Must improve entire facility’s or         specific unit’s efficiency by 10% or more or • Facility must be in competition for capital expenditures within a company’s established capital expenditure budget plan


Small Business Loan Program

         Loan assistance program: provides up to 75% loan guarantees to facilitate capital accessibility • Must be a Louisiana small business (as defined by SBA) • Must have a business     plan and a bank willing to fund the loan


Microloan Program

         Loan assistance program: provides up to 80% loan guarantee for banks that fund loans of $5,000 to $50,000 to small businesses  • Must be a Louisiana small business (as defined by SBA)


Bonding Assistance Program

         Loan assistance program: provides up to 25% loan guarantee for qualifying small contractors bidding on private or public jobs   • Must be certified in Small and Emerging Business Development Program • Must complete Louisiana Contractors Accreditation Institute or have LED waiver

Veteran Initiative

         Provides veteran-owned and disabled, service-oriented veteran-owned small businesses with greater potential for access to state procurement and public contract opportunities      • Must be a veteran or disabled, service-oriented veteran • Must be certified by LED, a Louisiana resident and have fewer than 50 full-time employees


Angel Investor Tax Credit

          Tax credit program: provides credit up to 35% for individual investors when they invest in early stage, wealth-creating businesses  • Must have principal business operations in Louisiana • Must have Louisiana tax identification number