CASH REBATES
Quality Jobs (QJ) program: Cash rebates up to 6% annual gross payroll for new direct jobs for up to 10 years. The state also has the ability to rebate the state’s 4% sales/use tax on capital expenditures.
GRANTS
Governor’s Rapid Response Fund: This fund is available to provide discretionary grants for competitive projects creating new jobs.
Headquarters Grants Program: Eliminates the taxes on interest and dividends for companies locating their headquarters in the state.
TAX ABATEMENTS
Restoration Tax Abatement: A five-year property tax abatement is available to companies for the expansion, restoration, improvement and development of existing commercial structures and owner-occupied residences. Equipment that becomes an integral part of that structure can also qualify for this exemption.
TAX CREDITS
Modernization Tax Credit: A 5% refundable state tax credit is available for manufacturers making capital investments to modernize or upgrade existing facilities in Louisiana. The tax credit can be taken over a five-year period (1% per year for five years).
SPECIAL ZONING
Enterprise Zone: Businesses hiring at least 35% of net new jobs from one of four targeted groups within an Enterprise Zone are eligible to receive income and franchise tax credits. A business must create permanent net new jobs at the EZ site. The benefits include a one-time $2,500 credit per new job and a 4% sales/use tax rebate on materials, machinery, furniture or equipment.
Gulf Opportunity Zone: The Gulf Opportunity Zone Act of 2005 (GO Zone) provides federal and state tax incentives for business development in parishes most affected by hurricanes Katrina and Rita. Benefits include an up-front 50% bonus depreciation for qualified property in the Louisiana GO Zone
TAX EXEMPTIONS
Sales Tax Exemptions: Manufacturing machinery and equipment, natural gas and business utilities are exempt.
