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: 
Enterprise Zone Program
Program purpose
Economic development (EZ)
Statutory authority
LRS 51:1781 et. seq., Louisiana Administrative Code Title 13, Chapter 7, subchapter 701 et. seq.
Abating jurisdiction(s)
State of Louisiana
Applicable taxes: 
State Sales and Use Tax, and State Income Tax, or State Franchise Tax
Method of abatement
Tax credit; tax rebate
Provisions for recapture
Per LRS 51:1787 (I) there are provisions for recapturing abated taxes. However, it is unlikely since the company must be certified as eligible by Louisiana Economic Development before any tax credits or rebates can be claimed.
Gross revenue loss
$24,041,559
Reimbursement / offset
$0
Net revenue loss
$24,041,559
Type of loss
Active
Additional notes on dislosure: 
(none)