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.

State: 
Louisiana
Reporting Jurisdiction: 
Louisiana
Jurisdiction type
State
Fiscal year ending In: 
2020
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
$23,624
Reimbursement / offset
$0
Net revenue loss
$23,624
Type of loss
Active
Additional notes on dislosure: 
(none)