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: | 2022 |
| Program name: | New Market Tax Credit |
| Program purpose: | Capital investment |
| Statutory authority: | LRS 47:6016 |
| Abating jurisdiction(s): | State of Louisiana |
| Applicable taxes: | Corporate Income Tax; Corporate Franchise Tax; Individual Income Tax |
| Method of abatement: | Tax Credit |
| Provisions for recapture: | If a company fails to maintain qualified lowincome community investments in the state in an amount at least equal to the amount used in calculating the credits issued, then the credits awarded can be recaptured. |
| Gross revenue loss: | $54,067 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $54,067 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.doa.la.gov/media/ofqdeujb/acfr-2022.pdf |
