Business Retention and Modernization Tax Credit Program 
The Business Retention and Modernization Tax Credit program was created to induce businesses to remain in Louisiana and to modernize existing operations.
To qualify for modernization tax credits an employer must meet the following two requirements:
1. Must be a manufacturer and
2. (a) Must increase the efficiency or capacity of its facility by at least 10% and must show that without the investment in modernization the facility would be a high risk for closure in the foreseeable future or
(b) Must be an employer with multi-state operations and an established competitive capital project with an approved investment of at least $5 million
- Modernization does not include the replacing of existing technology with the same or similar technology
- Eligible employers may earn certified tax credits at a rate of 1 percent over a five year period, for a total of 5 percent of the amount of the certified expenditures, subject to the program's cap of $10 million in tax credits per program year
- A written application to Louisiana Economic Development is required
Business Retention and Modernization tax credits are administered by the Louisiana Department of Economic Development. For information contact:
Louisiana Department of Economic Development
Tommy Kurtz, Director
Business Retention and Expansion
Email:
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Web: www.ledlouisiana.com
Phone: (225)342-5256
