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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

Effected JurisdictionLouisiana
Jurisdiction type: State
Fiscal year ending In2021
Program nameIndustrial Tax Exemption Program (ITEP)
Program purpose: Job Creation/Retention
Statutory authority: LRS 51:1921, LRS 22:832E
Abating jurisdiction(s): State of Louisiana
Applicable taxesIncome Tax; Insurance Premium Tax; Fire Casualty Tax; Surplus Lines Tax; Retaliatory Tax
Method of abatement: Tax Credit
Provisions for recapture: Premium tax reductions are subject to the same forfeiture and repayment provisions as income Tax Credits as described in LRS 51:1927 (C) and 1928(A)
Gross revenue loss: $26,109
Reimbursement / offset: $0
Net revenue loss: $26,109
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.doa.la.gov/doa/osrap/annual-financial-report/