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: 
2019
Program name: 
Retention and Modernization Tax Credit
Program purpose
Business retention
Statutory authority
LRS 51:2399.1 through 51:2399.6
Abating jurisdiction(s)
State of Louisiana
Applicable taxes: 
State Individual Income Tax, State Corporate Income and State Corporate Franchise Tax
Method of abatement
Tax credit
Provisions for recapture
There are no recapture provisions. Once expenses are verified, certification letters are issued by an independent CPA.
Gross revenue loss
$6,242,541
Reimbursement / offset
$0
Net revenue loss
$6,242,541
Type of loss
Active
Additional notes on dislosure: 
(none)