JEDCO

Business & Tax Incentives

Research & Development Tax Credit

A taxpayer who incurs research and development expenditures in Louisiana may be eligible to receive up to 40% tax credit on qualified research expenditures, based on the size of the company credits earned under the program must be claimed on the business’ Louisiana income tax return for the year of the qualifying research expenditures, where incurred. Qualifying research expenses generally include wages, supplies and contract research costs.

Eligibility:

  • Any taxpayer who employs 50 or more Louisiana persons and claims for the taxable year a federal income tax credit under 26 U.S.C. §41(a) for increasing research activities.
  • Any tax payer who employs fewer than 50 persons can also apply for credits without providing a federal tax return if other reporting criteria determined by LED are met.
  • Application and other filing fees apply.

The Research and Development Tax Credit program is administered by Louisiana Economic Development. For information, please contact:

LOUISIANA ECONOMIC DEVELOPMENT
Kimberly Rogers
Program Administrator
Phone: (225) 342-5399
Email: Kimberly.rogers@la.gov

or

Shamelda Pete
Business Development Officer
Phone: (225) 342-5341
Email: shamelda.pete@la.gov
Website: www.louisianaeconomicdevelopment.com