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.
The Research and Development Tax Credit program is administered by Louisiana Economic Development. For information, please contact:
LOUISIANA ECONOMIC DEVELOPMENT
Phone: (225) 342-5399