State Incentives

Louisiana Economic Development

These programs are administered by Louisiana Economic Development through the Louisiana Economic Development Corporation. For additional information on these programs, please contact LEDC at 225-342-5675.

LED FastStart

No. 1 State Workforce Development Program

Recognized for its innovation, effectiveness, flexibility and efficiency, LED FastStart® is the nation’s best state workforce training program, according to Business Facilities magazine. FastStart provides customized employee recruitment, screening, training development and training delivery for eligible, new or expanding companies — all at no cost.

Web site: https://www.opportunitylouisiana.com/faststart

Fastlane

What is FASTLANE?

FastLane is the system that manages Louisiana’s business incentive programs that are approved by the Board of Commerce and Industry. The FastLane website is a secure online interface that allows users to electronically send data directly to Louisiana Economic Development’s internal FastLane database. It is designed for individual users managing one company or consultants who manage multiple companies’ data.

What Incentives Are Available?

Enterprise Zone
Industrial Tax Exemption
Quality Jobs
Restoration Tax Abatement
Motion Picture Industry Development Tax Credit
Digital Interactive Media and Software Development Incentive

What can my company do in FASTLANE?

Search publicly available Advances and Applications
File, save, and pay for Advance Notifications
File, save, and pay for Applications
File Project Completion Report (PCR) and Affidavit of Final Cost (AFC)
On-line credit card and e-check payment
Track Application status
Review history of Advance Notifications and Applications

Web site:http://louisianaeconomicdevelopment.com/page/economic-gardening-initiative

Angel Investor Tax Credit (AITC)

Louisiana’s Angel Investor Tax Credit (AITC) encourages accredited investors to invest in early stage, small wealth-creating Louisiana businesses that seek startup and expansion capital.

  • Provides a 25.2% tax credit on investments by accredited investors who invest in businesses certified by Louisiana Economic Development as Louisiana Entrepreneurial Businesses (LEB).
  • $3.6 million annual program cap.
  • Investors can invest $720,000 per business per year and $1.44 million per business over the life of the program.
  • The AITC Program sunsets on July 1, 2017

https://www.opportunitylouisiana.com/business-incentives/angel-investor-tax-credit

Competitive Projects Payroll Incentive Program

The Competitive Projects Payroll Incentive (CPPI) Program provides an incentive rebate of up to 15 percent of a participating company’s new payroll for up to 10 years. Additionally, a participating company will be eligible for either a rebate of state sales and use taxes on capital expenditures or a 1.2 percent project facility expense rebate.

https://www.opportunitylouisiana.com/business-incentives/competitive-projects-payroll-incentive-program

Digital Interactive Media and Software Development Incentive

Louisiana’s Digital Interactive Media and Software Development refundable tax credit — the strongest of its kind in the nation — is helping innovative digital media and software development companies of all sizes gain a competitive edge.

  • Provides a 25.2% tax credit on qualified payroll for in-state labor and 18% for qualified production expenses for expenditures through June 30, 2018, and a 35% tax credit on qualified payroll for in-state labor and 25% for qualified production expenses for expenditures on or after July 1, 2018.
  • No cap and no minimum requirement.
  • The tax credit is available for a refund of 100% of its value claimed on Louisiana state tax return OR certified applicants can receive 85% of the value earned as a rebate any time during the year.

https://www.opportunitylouisiana.com/business-incentives/digital-interactive-media-and-software-development-incentive

Enterprise Zone Tax Credit

Not all changes effective April 1, 2016 are reflected below. Please check again, as updates are ongoing.

The Enterprise Zone, or EZ program is a jobs incentive program that provides Louisiana income and franchise tax credits to a new or existing business located in Louisiana creating permanent net new full-time jobs, and hiring at least 50% of those net new jobs from one of four targeted groups. The benefit provides:

  • Either a one-time $3,500 or $1,000 tax credit for each net new job created.
  • A rebate of state sales and use taxes paid on qualifying materials, machinery, furniture, and/or equipment purchased or a 1.5% refundable investment tax credit on the total capital investment, excluding tax exempted items. The rebate shall not exceed $100,000 per net new job.

https://www.opportunitylouisiana.com/business-incentives/enterprise-zone

Industrial Tax Exemption Program (ITEP)

Effective June 24, 2016, changes apply to the Industrial Tax Exemption Program, pursuant to an Executive Order from the Louisiana Governor’s Office. View the Executive Order here.

Not all changes effective June 24, 2016 are reflected below. Please check again, as updates are ongoing.

The Louisiana Industrial Ad Valorem Tax Exemption Program (ITEP) is an original state incentive program which offers an attractive tax incentive for manufacturers within the state. The program abates, up to ten years, local property taxes (Ad Valorem) on a manufacturer’s new investment and annual capitalized additions related to the manufacturing site.

https://www.opportunitylouisiana.com/business-incentives/industrial-tax-exemption

Motion Picture Investor Tax Credit

Louisiana’s Motion Picture Investor Tax Credit provides motion picture productions up to a 30% transferable tax credit on total qualified in-state production expenditures, including resident and non-resident labor. For productions using in-state labor, Louisiana offers an additional 10% payroll tax credit.

  • Provides up to a 40% transferable tax credit.
  • $50,000 threshold for local Louisiana productions meeting certain qualifications.
  • $300,000 minimum in-state expenditure requirement.
  • For fiscal years 2016-2018 the maximum amount of credits that can be claimed per fiscal year is $180 million.
  • Tax credits may be used to offset personal or corporate income tax liability in Louisiana.
  • Tax credits may be transferred to Louisiana taxpayers.
  • Tax credits may be transferred back to the State for 85% of face value; however, the state is not accepting transfers between July 1, 2015 and June 30, 2016.
  • An array of changes have impacted this program. View Summaryof impacts.

https://www.opportunitylouisiana.com/business-incentives/motion-picture-investor-tax-credit

 

Musical and Theatrical Tax Credit

Whether you’re launching a national concert tour or staging a new theatrical production, we’ll help you hit your mark. Louisiana offers a unique tax incentive for musical and theatrical productions and state certified higher education musical or theatrical infrastructure projects.

  • Provides a 7.2% tax credit for certified Louisiana expenditures between $100,000 and $300,000.
  • Provides a 14.4% tax credit for certified Louisiana expenditures between $300,000 and $1,000,000.
  • Provides an 18% tax credit for certified Louisiana expenditures over $1,000,000.
  • Provides an additional 7.2% tax credit for payroll expenditures to Louisiana residents.
  • No cap on production expenditures.
  • The tax credit is refundable or transferable on a one time basis.
  • Additional tax credits are available when employing students enrolled in Louisiana.

https://www.opportunitylouisiana.com/business-incentives/musical-and-theatrical-production-tax-incentive

Louisiana Quality Jobs Rebate

Not all changes effective April 1, 2016 are reflected below. Please check again, as updates are ongoing.

The Quality Jobs, or QJ, program provides a cash rebate to companies that create well-paid jobs and promote economic development.

  • The program provides up to a 6% cash rebate on 80% of gross payroll for new direct jobs for up to 10 years. Effective July 1, 2018, the rebate is available on 100% of gross annual payroll.
  • Provides a 4% sales/use rebate on capital expenditures or a 1.5% refundable investment tax credit on the total capital investment, excluding tax exempted items.

https://www.opportunitylouisiana.com/business-incentives/quality-jobs

Louisiana Research and Development Tax Credit

The Research and Development Tax Credit encourages existing businesses with operating facilities in Louisiana to establish or continue research and development activities within the state.

  • Provides up to a 40% tax credit on qualified research expenditures incurred in Louisiana — with no cap and no minimum requirement.

View new Research and Development Tax Credit Agreed Upon Procedures for CPAs.

https://www.opportunitylouisiana.com/business-incentives/research-and-development-tax-credit

Louisiana Research and Development Tax Credit

The Research and Development Tax Credit encourages existing businesses with operating facilities in Louisiana to establish or continue research and development activities within the state.

  • Provides up to a 40% tax credit on qualified research expenditures incurred in Louisiana — with no cap and no minimum requirement.

View new Research and Development Tax Credit Agreed Upon Procedures for CPAs.

https://www.opportunitylouisiana.com/business-incentives/research-and-development-tax-credit

Restoration Tax Abatement

The Restoration Tax Abatement (RTA) program provides an up to ten-year abatement of ad valorem property taxes on the renovations and improvements of existing commercial structures and owner-occupied residences.

  • Five-year contract; option for a five-year renewal with local governing authority approval.

https://www.opportunitylouisiana.com/business-incentives/restoration-tax-abatement

Sound Recording Investor Tax Credit

The Sound Recording Investor Tax Credit provides an 18% tax credit for sound recording projects made in the State of Louisiana. Louisiana also offers some of the world’s finest talent and great recording studios to complement the attractive financial benefits of recording in state. Sound recording investor tax credits are issued as rebates.

  • Provides an 18% tax credit on sound recording expenses.
  • Program is subject to a cap of $2.16 million between July 1, 2015 and June 30, 2018.
  • Starting July 1, 2018, program is subject to a cap of $3 million in tax credits per calendar year.

https://www.opportunitylouisiana.com/business-incentives/sound-recording-investor-tax-credit

Technology Commercialization Credit and Jobs Program

The Technology Commercialization Tax Credit provides a 28.8% refundable tax credit for companies that invest in the commercialization of Louisiana technology and a 4.32% payroll rebate for the creation of new, direct jobs.

Economic Gardening Initiative

Provides customized core business strategies, market research, qualified sales leads and improved internet and technology tailored to your growing needs.

http://louisianaeconomicdevelopment.com/page/economic-gardening-initiative

Hudson Initiative

Certification program offers greater access to purchasing and contracting opportunities at the state government level.

http://louisianaeconomicdevelopment.com/page/hudson-initiative

Small & Emerging Business Development Program

Provides for developmental assistance, including entrepreneurial training, marketing, computer skills, accounting, legal and industry-specific assistance.

http://louisianaeconomicdevelopment.com/page/small-and-emerging-business-development-program

Small Business & Loan Guaranty Program

Provides loan guarantees to banks and other small business lenders in association with the SSBCI ranging from $5,000 to $1.5 million.

http://louisianaeconomicdevelopment.com/page/small-business-loan-and-guaranty-program

Veteran Initiative

Helps veteran-owned and service-connected disabled veteran-owned small businesses gain greater access to purchasing and contracting opportunities at the state level.

https://www.opportunitylouisiana.com/small-business/special-programs-for-small-business/veteran-initiative

Enterprise Zone

A $2,500 tax credit for each certified net, new job created and either a 4 percent sales/use tax rebate on capital expenses or 1.5 percent refund on capital investment.

https://www.opportunitylouisiana.com/business-incentives/enterprise-zone

Quality Jobs

Up to 6 percent rebate on annual payroll expenses for up to 10 years and either a 4 percent sales/use tax rebate on capital expenses or a 1.5 percent investment tax credit for qualifying expenses.

https://www.opportunitylouisiana.com/business-incentives/quality-jobs