St. Tammany Parish

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State and Federal Incentives

LED FastStart(R)

LED FastStart(R)

Provides workforce recruitment, screening and training to qualifying new and expanding Louisiana companies at no cost.

DIGITAL MEDIA INCENTIVE

DIGITAL MEDIA INCENTIVE

Provides a 25 percent tax credit on qualified production expenditures in Louisiana and an additional 10 percent tax credit for Louisiana resident labor expenditures (total 35 percent).

ENTERPRISE ZONE

ENTERPRISE ZONE

Provides a one-time $2,500 tax credit for each certified net new job created; and either a 4 percent sale/use tax rebate on capital expenditures or an investment tax credit equal to 1.5 percent of qualifying expenses.

INDUSTRIAL TAX EXEMPTION

INDUSTRIAL TAX EXEMPTION

Provides property tax abatement for up to 10 years on manufactures’ qualifying capital investments.

LIVE PERFORMANCE TAX CREDIT

LIVE PERFORMANCE TAX CREDIT

Provides a tax credit of up to 35 percent on qualified production or infrastructure development expenditures with additional tax credit available for payroll and transportation expenditures.

INCUMBENT WORKER TRAINING PROGRAM

INCUMBENT WORKER TRAINING PROGRAM

Small Business Employee Training Program (SBET) is designed to benefit business and industry by assisting in the skill development of existing employees through individual, standardized (off-the shelf) training.  Employers are reimbursed for tuition and required textbooks and manuals once the training has been completed and proper documentation has been submitted to the Louisiana Workforce Commission (LWC).  Training costs cannot exceed $3,000 per trainee per state fiscal year (July – June 30)

MOTION PICTURE INDUSTRY DEVELOPMENT TAX CREDIT

MOTION PICTURE INDUSTRY DEVELOPMENT TAX CREDIT

Louisiana’s Motion Picture Investor Tax Credit provides motion picture productions up to a 30% transferable tax credit on total qualified in-state production expenditures, including resident and non-resident labor. For productions using in-state labor, Louisiana offers an additional 10% payroll tax credit.

  • Provides up to a 40% transferable tax credit.
  • $50,000 threshold for local Louisiana productions meeting certain qualifications.
  • $300,000 minimum in-state expenditure requirement.
  • For fiscal years 2016-2018 the maximum amount of credits that can be claimed per fiscal year is $180 million.
  • Tax credits may be used to offset personal or corporate income tax liability in Louisiana.
  • Tax credits may be transferred to Louisiana taxpayers.
  • Tax credits may be transferred back to the State for 85% of face value; however, the state is not accepting transfers between July 1, 2015 and June 30, 2016.

QUALITY JOBS

QUALITY JOBS

The Quality Jobs, or QJ, program provides a cash rebate to companies that create well-paid jobs and promote economic development.

  • The program provides up to a 6% cash rebate on 80% of gross payroll for new direct jobs for up to 10 years. Effective July 1, 2018, the rebate is available on 100% of gross annual payroll.
  • Provides a 4% sales/use rebate on capital expenditures or a 1.5% refundable investment tax credit on the total capital investment, excluding tax exempted items.

RESEARCH & DEVELOPMENT TAX CREDIT

RESEARCH & DEVELOPMENT TAX CREDIT

The Research and Development Tax Credit encourages existing businesses with operating facilities in Louisiana to establish or continue research and development activities within the state.

  • Provides up to a 40% tax credit on qualified research expenditures incurred in Louisiana — with no cap and no minimum requirement.

RESTORATION TAX ABATEMENT

RESTORATION TAX ABATEMENT

The Restoration Tax Abatement, or RTA, program provides an up to ten-year abatement of ad valorem property taxes on the renovations and improvements of existing commercial structures and owner-occupied residences.

  • Equipment that becomes an integral part of that structure can qualify for this exemption.
  • Acquisition cost of the structure or the land cannot qualify for this exemption.
  • Five-year contract; option for a five-year renewal with local governing authority approval.

SOUND RECORDING INVESTOR TAX CREDIT

SOUND RECORDING INVESTOR TAX CREDIT

The Sound Recording Investor Tax Credit provides an 18% tax credit for sound recording projects made in the State of Louisiana. Louisiana also offers some of the world’s finest talent and great recording studios to complement the attractive financial benefits of recording in state. Sound recording investor tax credits are issued as rebates.

  • Provides an 18% tax credit on sound recording expenses.
  • Program is subject to a cap of $2.16 million between July 1, 2015 and June 30, 2018.
  • Starting July 1, 2018, program is subject to a cap of $3 million in tax credits per calendar year.

TECHNOLOGY COMMERCIALIZATION CREDIT & JOB PROGRAM

TECHNOLOGY COMMERCIALIZATION CREDIT & JOB PROGRAM

The Technology Commercialization Tax Credit provides a 28.8% refundable tax credit for companies that invest in the commercialization of Louisiana technology and a 4.32% payroll rebate for the creation of new, direct jobs.