| Jefferson Parish offers a competitive package of business incentives.
The following is a list of programs available to businesses moving to or expanding in our community. Click on the title for more information about each one. For even more information on these or any other incentives, please contact:
Margo Ruiz
Phone: (504) 833-1881, ext. 347
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The Enterprise Zone Program is a JOBS incentive program that provides Louisiana income and corporate franchise tax credits to businesses hiring new employees from which 35 percent must be from one of four targeted groups.
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The Quality Jobs Program provides both payroll and sales/use tax rebates to encourage businesses to locate or expand in Louisiana.
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The Industrial Property Tax Exemption abates, up to ten years, local property taxes (ad valorem) on a manufacturer's new investment and annual capitalized additions.
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Commercial property owners and homeowners who expand, restore or improve an existing structure located in a Downtown Development District, Economic Development District or Historic District may qualify to have the ad valorem property taxes on substantial renovations and improvements deferred for up to 10 years. Jefferson Parish has several economic development districts on the east and west banks.
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Effective January 1, 2006 manufacturers located in Jefferson Parish no longer pay Parish sales and use tax (4.75%) on qualified machinery and equipment (M&E).
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Established in 1991, this program allows ad valorem taxes levied on business inventories to be credited toward state income and corporate franchise taxes. Manufacturers, distributors and retailers are eligible to receive a 100 percent credit of local inventory taxes paid. Taxpayer Services Division – 225-219-0102.
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Any corporation that establishes or expands in Louisiana may qualify for a one-time tax credit ranging from $100 to $225 for each new job created. The credits can be used to satisfy state corporate income tax obligations, up to 50 percent of the tax liability. This program may be used in lieu of participation in the Industrial Tax Exemption or Enterprise Zone Program.
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Louisiana has tax incentive programs designed to encourage film, video and digital media production in our state.
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Companies purchasing certain customized computer software are exempted from paying the local Jefferson Parish 4.75 percent sales and use tax imposed on retail sales. The state of Louisiana's 4 percent sales and use tax exclusion for certain custom computer software.
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Biotechnology companies, as classified under the NAICS biotechnology category, will be exempt from all state and local sales/use taxes on purchases of new research equipment.
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The R&D tax credit encourages Louisiana businesses to invest in and increase their existing levels of R&D by offering tax credits against state income and corporation franchise taxes.
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The technology commercialization credit offers tax credits to encourage Louisiana businesses to commercialize research conducted at Louisiana universities and to promote job creation.
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The Renewal Community (RC) Program is an economic revitalization program that utilizes federal wage credits, tax deductions, capital gains exclusions and bond financing as inducements for companies to locate in a Renewal Community and to hire additional workers.
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Provides a refundable tax credit for early stages of investment in Louisiana-based start-up businesses by allowing an accredited investor to receive a 50% tax credit, divided into portions of 10% annually for five years, on personal income or corporate franchise tax liabilities owed to the state.
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The New Markets Tax Credit program is designed to create investment into low-income, urban and rural areas to help finance community development projects, stimulate economic growth and create jobs.
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