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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.

StateLouisiana
Reporting JurisdictionLouisiana
Jurisdiction type: State
Fiscal year ending In2019
Program nameRetention and Modernization Tax Credit
Program purpose: Business attraction/retention/expansion
Statutory authority: LRS 51:2399.1 through 51:2399.6
Abating jurisdiction(s): State of Louisiana
Applicable taxesState Individual Income Tax, State Corporate Income and State Corporate Franchise Tax
Method of abatement: Tax Credit
Provisions for recapture: There are no recapture provisions. Once expenses are verified, certification letters are issued by an independent CPA.
Gross revenue loss: $6,242,541
Reimbursement / offset: $0
Net revenue loss: $6,242,541
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.doa.la.gov/doa/osrap/annual-financial-report/