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
- Offers a refundable commercialization tax credit on state income, corporate or franchise tax liability to encourage Louisiana businesses to commercialize research conducted at a regionally accredited college, technical school or university in Louisiana
- Qualifying companies can claim a refundable 40 percent tax credit of the cost to purchase or lease machinery and equipment and of expenditures for obtaining rights to use technology, including patents, copyrights and licenses as well as payments to Louisiana universities for research agreement or to third party Louisiana research or clinical trial companies
- Maximum amount of a credit is $100,000 per year
- Tax credit is available for five years with an option to renew for an additional five years
- Credits can be used up to the 21st year after the commercialization occurred
Job Tax Credit
- Offers an annual refundable credit for five years based on new jobs created by companies that qualify for the commercialization tax credits, nonprofits or government research centers approved by Louisiana Economic Development
- Must create a minimum of five net new jobs
- Job credits are based on Louisiana jobs that pay an average minimum of $50,000 in wages per year, excluding wages to a person who owns 30 percent of the equity in the applicant
- Job credit is equal to 6 percent of the gross payroll of new direct jobs verified by Louisiana Economic Development and is rebated by the Louisiana Department of Revenue
- Job credits may be extended for an additional five years under certain conditions
Additional information about the commercialization tax credits and job credits is available at the Louisiana Economic Development website at www.louisianaeconomicdevelopment.com
