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Incentives & Resources

Louisiana Statewide Incentives

Angel Investor Tax Credit

Up to a 25.2 percent tax credit for individual investors who invest in early stage, wealth-creating businesses that seek start-up and expansion capital.

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Competitive Projects Payroll Incentive Program

An incentive rebate of up to 15 percent of a participating company’s new payroll for up to 10 years, and a rebate of sales and use taxes on capital expenditures or a 1.2 percent project facility expense rebate.

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Digital Interactive Tax Credit

Up to a 35 percent refundable tax credit for in-state labor, coupled with up to a 25 percent refundable credit for eligible production expenses.

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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 investment tax credit for qualifying expenses.

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Industrial Tax Exemption

100 percent property tax abatement for up to 10 years on a manufacturer’s new investment and annual capitalized additions.

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Louisiana FastStart

The nation’s No. 1 workforce training program, FastStart creates customized employee recruiting, screening and training solutions — at no cost to eligible companies.

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Motion Picture Industry Development Tax Credit

Up to a 30 percent transferable tax credit for qualified production expenditures and an additional 10 percent tax credit for Louisiana labor expenditures.

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Musical and Theatrical Production Tax Incentive

A unique tax credit on qualified production or higher education infrastructure development expenditures with additional tax credits available for payroll.

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Quality Jobs

Up to a 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.

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Research & Development Tax Credit

A tax credit up to 40 percent to existing businesses with operating facilities in Louisiana to establish or continue research and development within the state.

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Restoration Tax Abatement

A 100 percent property tax abatement for up to 10 years for the rehabilitation of an existing structure.

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Sound Recording Investor Tax Credit

An 18 percent tax credit issued as a rebate for qualified production expenditures on state-certified sound recording projects.

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Tech. Commercialization Credit & Jobs Program

A refundable tax credit of 28.2 percent for companies that invest in the commercialization of Louisiana technology and a payroll rebate of 4.32 percent for the creation of new direct jobs.

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Federal Incentives

Foreign Trade Zones

Gulf Opportunity Zone (GO Zone)

Historically Underutilized Business Zone (HUBZone)

New Markets Tax Credits

Statewide Credits & Programs

Child Care Tax Credit

Community Development Block Grant Program

Economic Development Assistance Program

Freeport Law

Incumbent Worker Training Program

Industry Assistance

Inventory Tax Credit

Live Performance Tax Credit

Louisiana Megafund

Louisiana Project Equity Fund

Mentor-Protege Tax Credit

Retention & Modernization Tax Credit

Tax Equalization Program

Louisiana State Taxes & Fees

Corporate Income Tax

Louisiana employs a progressive scale corporate income tax structure:
1st $25,000 of taxable income:  4%
Next $25,000 of taxable income:  5%
Next $50,000 of taxable income:  6%
Next $100,000 of taxable income:  7%
Taxable income >$200,000:  8%

Corporate Franchise Tax

Corporate Franchise Tax is levied at the rate of $1.50 per $1,000 on the first $300,000 of capital stock, surplus, undivided profits and borrowed capital employed in Louisiana. The rate is $3.00 per $1,000 after the first $300,000 with a minimum tax of $10 per year. See Incentives section below for a description of the various ways that qualifying Louisiana companies can offset Corporate Franchise Taxes.

In addition to the above, Louisiana is phasing out the Corporate Franchise Tax on long-term debt by excluding “borrowed capital” from the definition of “taxable capital”. As of December 31, 2009, 70% of borrowed capital will be excluded and 100% will be excluded as of December 31, 2010.

Unemployment Insurance

There is an initial 2-year period of eligibility during which the new employer is charged at the average rate of existing employers in the state in the same business classification on the first $7,000 of each employee’s annual wage. Thereafter, the rate is determined by the employer’s experience rating based on employer turnover history and the rate can range from 0.1% to 6.2% of the first $7,000 of each employee’s annual wage.

Workers Compensation Insurance & Information

Like all states, Louisiana’s Worker’s Compensation insurance rates vary widely depending upon the risk factors of the specific occupations in individual enterprises. The current average rate for all employers in Louisiana is $3.67 per $100 in payroll. Louisiana does allow employers to be self insured under certain conditions.

Property Taxes

There are no state property taxes in Louisiana. See below for a detailed discussion of property taxes in Ascension Parish.

Sales & Use Taxes

The state sales tax rate in Louisiana is 4%. Sales taxes are levied on the retail sale personal property and certain services. Basic consumer commodities, such as food for home consumption and prescription drugs, are exempt from state sales taxes. With voter approval, political subdivisions in Louisiana may levy a combined additional sales tax of up to 5%.

There are no state sales and use taxes on business utilities. Exemptions include electricity, natural gas, steam and water. In addition, there are no state sales taxes on the purchase, use, lease or rental of manufacturing machinery and equipment.

Louisiana Individual Income Taxes

Louisiana utilizes the following progressive scale to calculate individual income taxes:

Filing Status

Single, Married Filing Separately or Head of Household, Married Filing Jointly

1st $25,000 of taxable income : N/A
Next $25,000 of taxable income: 2%
Next $50,000 of taxable income: N/A
>$37,500: 4%
>$50,000: 6%

Local Taxes & Fees in P.C. Parish

Industrial Property Tax Exemption

Corporate Franchise Tax

Business, Professional, and Occupational License (BPOL) Taxes/Fees

Sales & Use Taxes

Property Taxes

Special Programs for Small Businesses

Small Business Loan and 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.

Economic Gardening Initiative

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

Small and Emerging Business Development Program

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

Hudson Initiative

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

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.

Business Resources

Apply for Louisiana Revenue Account Number

Louisiana Department of Revenue and Taxation Central Registration
617 N. 3rd Street
Baton Rouge, LA 70802
225-219-7462
http://revenue.louisiana.gov/sections/business/intro.aspx

Register Your Business as a Corporation

Louisiana Department of Revenue and Taxation Central Registration
617 N. 3rd Street
Baton Rouge, LA 70802
225-219-7462
http://revenue.louisiana.gov/sections/business/corpefile.aspx 

Register Online for a Federal Tax ID Number or Employer Identification Number (EIN)

Unemployment Insurance Tax

Louisiana Department of Labor
Employer Status Unit
1001 N. 23rd St.
Baton Rouge, LA 70802
(225)342-2944
http://www.laworks.net/Businesses.asp

State Sales Tax

Louisiana Department of Revenue and Taxation Central Registration
617 N. 3rd Street
Baton Rouge, LA 70802
(225) 219-7318 (for registration packet)
http://www.revenue.louisiana.gov/sections/business/sales.aspx