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Tax Credits and Incentives Louisiana currently offers credits for businesses that are some of the most lucrative in the country. Fortunate for you, Wegmann Dazet's tax professional are keenly focused on maximizing these benefits for our clients. From R&D credits to Digital Media Credits to hiring credits and sales tax rebates for expanding your staff, we have the experience to assist you in capturing the maximum benefit available. Look through this menu of credit options and plan time to meet with our team on the application process.
Louisiana FastStart
Provides workforce recruitment, screening and training to new and expanding Louisiana companies at no cost. Angel Investor Tax Credit
Provides up to a 35% tax credit for individual investors who invest in early stage, wealth-creating businesses. Digital Media and Software Incentive
Provides a 25% tax credit for qualified production expenditures in Louisiana and a 35% tax credit for Louisiana resident labor expenditures. Credits are now refundable.
Economic Development Award Program
Provides funding for site and/or infrastructure improvements for projects creating new jobs. Enterprise Zone
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 25% on qualified production or infrastructure development expenditures, with additional tax credits available for payroll and transportation expenditures. Modernization Tax Credit
Provides a 5% refundable state tax credit for manufacturers modernizing or upgrading existing facilities in Louisiana. 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. New Markets Tax Credit
Investors in qualified projects can obtain a federal income tax credit of 5% to 6% of the amount invested for each year the investment is held, for up to seven years. Quality Jobs
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. Credits are refundable and can tie to Federal credits for additional benefit.
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. |
