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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 nameExemption for Manufacturing Establishments (Industry Assistance) Program
Program purpose: Industrial development
Statutory authority: LRS 47:4301-4306
Abating jurisdiction(s): State of Louisiana
Applicable taxesState Corporation Franchise Tax, State Income Taxes, and State Sales and Use Tax
Method of abatement: Tax Exemption
Provisions for recapture: A contract may be canceled upon review of an audit that uncovered a violation of the contract or the need for the exemption or the grounds for the exemption are no longer applicable. The state shall give notice in writing and any remaining portion of the exemption granted may be canceled.
Gross revenue loss: $1,500,000
Reimbursement / offset: $0
Net revenue loss: $1,500,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.doa.la.gov/doa/osrap/annual-financial-report/