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 or Territory: | Louisiana |
| Effected Jurisdiction: | Louisiana |
Jurisdiction type: | State or Territory |
| Fiscal year ending In: | 2022 |
| Program name: | Tax Equalization Program |
| Program purpose: | Manufacturing development |
| Statutory authority: | LRS 47:3201-3205 |
| Abating jurisdiction(s): | State of Louisiana |
| Applicable taxes: | Corporate Franchise Tax; Corporate Income Tax; 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: | $4,503,247 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $4,503,247 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.doa.la.gov/media/ofqdeujb/acfr-2022.pdf |
