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.
| State: | Louisiana |
| Effected Jurisdiction: | Louisiana |
Jurisdiction type: | State |
| Fiscal year ending In: | 2021 |
| Program name: | Industrial Tax Exemption Program (ITEP) |
| Program purpose: | Job Creation/Retention |
| Statutory authority: | LRS 51:1921, LRS 22:832E |
| Abating jurisdiction(s): | State of Louisiana |
| Applicable taxes: | Income 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 source: | https://www.doa.la.gov/doa/osrap/annual-financial-report/ |
