Technology Commercialization Tax Credit 
The technology commercialization credit offers tax credits to encourage Louisiana businesses to commercialize research conducted at Louisiana universities and to promote job creation.
Benefits and Eligibility
Technology Commercialization Tax Credit
1. Qualifying
individuals or businesses can claim an annual, refundable credit on
state income or corporate franchise tax liability equal to forty
percent (40%) of the cost to purchase or lease machinery and equipment
and of expenditures for obtaining rights to use technology, including
patents, copyrights and licenses owned or research sponsored by
qualifying colleges, technical schools or universities located in
Louisiana.
2. A qualifying taxpayer must enter an agreement with a Louisiana
regionally accredited college, technical school, university, or
research company to commercialize or research a technology. Investment
cannot exceed $250,000.
3. The credit is for an initial five-year period with an option to renew for an additional five years.
Job Tax Credit
1. Employer must create a minimum of five new direct jobs in
Louisiana, each paying an average minimum of $50,000 in annual wages,
and must offer a basic health benefits plan to each new employee.
2. Tax credit based on the creation of new jobs is equal to six
percent (6%) multiplied by the gross payroll of new direct jobs.
3. The credit is for an initial five-year period with an option to renew for an additional five years.
Unused tax credits may be carried forward for up to 20 years.
For more information, visit http://www.rev.state.la.us/.
