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Enterprise Zone
- Provides one time tax credit of up to $2500 ($5000 if in the aircraft or automobile manufacturing industries) for each net new permanent job for businesses expanding or locating in Louisiana. (Credits may be applied to state income tax or corporate franchise tax.). Businesses engaged in gaming, residential development or churches are not eligible.
- Eligibility requirements for tax credit
- Create 5 net new jobs within first 24 months or increase current statewide workforce by 10% within first 12 months
- New jobs must be filled by Louisiana residents
- Certify that 35% of new employees fulfill at least one of the following criteria
- lacked basic skills
- are physically challenged
- were receiving some form of public assistance (such as registered applicants with Job Services)
- are residents of an enterprise zone
- Provides rebates on sales and use taxes during the project/construction period for
- Building construction materials
- Machinery and equipment
- Furniture and fixtures
- Participation in this program excludes the use of the Louisiana Quality Jobs Program
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