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: | 2023 |
Program name: | Louisiana Quality Jobs Program |
Program purpose: | Job Creation/Retention |
Statutory authority: | LRS 51:2451-2462 |
Abating jurisdiction(s): | State of Louisiana |
Applicable taxes: | Sales and Use Tax; Income Tax |
Method of abatement: | Tax Rebate |
Provisions for recapture: | If the actual verified annual gross payroll for the employer’s third fiscal year does not show a minimum of five or 15 new direct jobs, as applicable, and does not equal or exceed a total annual payroll for new direct jobs, the employer will be determined to be ineligible and the rebates can be recaptured. |
Gross revenue loss: | $153,307,777 |
Reimbursement / offset: | $0 |
Net revenue loss: | $153,307,777 |
Type of loss: | Active |
Additional notes on dislosure: | (none) |
Document source: | https://www.doa.la.gov/media/epmbw2el/fy2023-acfr-final.pdf |