EFFECTIVE JUNE 24, 2016, CHANGES APPLY TO THE INDUSTRIAL TAX EXEMPTION PROGRAM, PURSUANT TO AN EXECUTIVE ORDER FROM THE LOUISIANA GOVERNOR’S OFFICE. VIEW THE EXECUTIVE ORDER HERE.
NOT ALL CHANGES EFFECTIVE JUNE 24, 2016 ARE REFLECTED BELOW. PLEASE CHECK BACK AGAIN AS CHANGES ARE ONGOING.
The Industrial Property Tax Exemption abates, up to ten years, local property taxes (ad valorem) on a manufacturer’s new investment and annual capitalized additions.
This exemption applies to all improvements to the land, buildings, machinery, equipment and any other property that is part of the manufacturing process. The land itself is not eligible for tax exemption.
NOTE: May require advance notice to Louisiana Economic Development, Office of Business Development, Business Incentive Services. See Application Procedure section below for more details.
This is Louisiana’s original incentive program, for capital investments, and is for manufacturers only. It may be used by manufacturers new to the State as well as new investments and miscellaneous capital additions to existing facilities in Louisiana.
The Industrial Property Tax Exemption abates, up to eight years, local property taxes (Ad Valorem) on a manufacturer’s new investment and annual capitalized additions. This abatement applies to eligible improvements to the land, buildings, machinery, equipment, and any other property, that is part of the manufacturing process. Granting this incentive must be considered to be in the best interest of the State of Louisiana by the Board of Commerce and Industry. Tax exempt property must remain on the plant site at all times. The land itself is not tax exemptable.
An approximate one year benefit of this program is calculated as follows:
Cost of Capital Additions (less obsolete/replaced equipment)
x Application Fee Tax Rate
= Annual Approximate Property Tax Savings
Economic Information and Incentives Coordinator
Phone: (504) 875-3920
Fax: (504) 875-3923