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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 In2019
Program nameTax Equalization Program
Program purpose: Business attraction/retention/expansion
Statutory authority: LRS 47:3201-3205
Abating jurisdiction(s): State of Louisiana
Applicable taxesState Corporation Franchise Tax, State Corporation Income Tax, and State Sales and Use Tax
Method of abatement: Tax Exemption
Provisions for recapture: Written notice of violations of the terms of the contract are given to the contracted company. If the violations are not corrected within 90 days, any remaining portions of the exemption from tax granted under the contract may be terminated.
Gross revenue loss: $13,110,539
Reimbursement / offset: $0
Net revenue loss: $13,110,539
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.doa.la.gov/doa/osrap/annual-financial-report/