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 Markets Jobs Act Program
Program purpose
Capital investment
Statutory authority
LRS 47:6016.1
Abating jurisdiction(s)
State of Louisiana
Applicable taxes: 
Insurance Premium Tax; Fire Casualty Tax; Surplus Lines Tax; Retaliatory Tax
Method of abatement
Tax credit
Provisions for recapture
If the company violates the terms of the agreement, or if the federal tax credit is recaptured by the IRS, the Department of Insurance shall recapture the claimed credit on a return.
Gross revenue loss
$0
Reimbursement / offset
$0
Net revenue loss
$0
Type of loss
Active
Additional notes on dislosure: 
(none)