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)
