Louisiana Economic Development
Below is a list of the most popular state incentives that your business may be able to take advantage of. For additional information on any of these incentives, please contact STEDF at (985) 809-7874. Information on available incentives can also be obtained from Louisiana Economic Development.
Digital Media Incentive
Provides a 25% tax credit for qualified production expenditures in Louisiana and a 35% tax credit for Louisiana resident labor expenditures.
Economic Development Award Program
Provides funding for site and/or infrastructure improvements for projects creating new jobs.
Provides a $2,500 tax credit for each certified net new job created; and either a 4% sales/use tax rebate on capital expenditures or income and franchise tax credits up to 1.5% of investment.
Industrial Tax Exemption
Provides a 100% property tax abatement for up to 10 years on materials used in new manufacturing.
Live Performance Tax Credit
Provides a tax credit up to 35% on qualified production or infrastructure development expenditures, with additional tax credits available for payroll and transportation expenditures.
Provides workforce recruitment, screening and training to new and expanding Louisiana companies at no cost.
Motion Picture Industry Development Tax Credit
A transferable tax credit of 30% for qualified motion picture production expenditures and an additional 5% tax credit for Louisiana resident labor expenditures.
Provides up to 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.
Research & Development Tax Credit
Provides a tax credit up to 40% to existing businesses with operating facilities in Louisiana to establish or continue research and development activities within the state.
Restoration Tax Abatement
Provides a five-year 100% property tax abatement for the rehabilitation of an existing structure.
Sound Recording Investor Tax Credit
Provides a 25% refundable tax credit for qualified production expenditures on state-certified sound recording projects.
Technology Commercialization Credit and Jobs Program
Provides a 40% refundable tax credit for companies that invest in the commercialization of Louisiana technology and a 6% payroll rebate for the creation new, direct jobs.