Industrial Tax Exemption Program

The previously required Advance Notification and Application have been combined into a new form, The Project Application. Project Applications must be filed prior to beginning of construction or installation of facilities. The Project Application must be submitted electronically on the Louisiana Economic Development’s NextGEN portal of Fastlane website.

The Facts

The Louisiana Industrial Ad Valorem Tax Exemption Program (ITEP) is an original state incentive that offers a tax abatement on new manufacturing investments. It is available to qualifying new and existing Louisiana manufacturing businesses. With approval by the Board of Commerce and Industry and local governmental entities, the program provides an 80% property tax abatement for an initial term of five years and the option to renew for five additional years at 80% property tax abatement on a manufacturer’s qualifying capital investment related to the manufacturing process in the state. “Mega-Projects” may be eligible for an increased ad valorem tax exemption rate of 93-100% with Local ITEP committee input, Coard of Commerce and Industry (BC&I) approval and Governor’s approval.

Eligibility

Businesses must be classified as a manufacturer or related to the manufacturing project at the project site in order to receive benefits of the ITE Program.

A manufacturer, as identified by the federal government, has a North American Industry Classification System (NAICS) code that begins with 31, 32 or 33. The NAICS is used as a preliminary qualification criterion. A detailed description of the activities to be considered manufacturing must be provided by the company.  The program can be used by manufacturers new to Louisiana and is also available to existing manufacturers in Louisiana with new investments to existing facilities.

It also requires local approval by governing Parish Council, Municipal Council (if it applies) the Sheriff’s Office and the School Board. Miscellaneous Capital Additions (MCAs) are ineligible for exemption.

Learn more about the ITE Program HERE.

JEDCO
Margo Ruiz
Economic Information and Incentives Coordinator
700 Churchill Parkway
Avondale, LA 70094
Phone: (504) 875-3920
Fax: (504) 875-3923
Email: mruiz@jedco.org 

LOUISIANA ECONOMIC DEVELOPMENT
Kristin Johnson
Business Incentives Services
Phone: (225) 342-2083
Fax: (225) 342-0142
Email: Kristin.cheng@la.gov
Website: www.louisianaeconomicdevelopment.com

Hud Usie
Business Incentives Services
Phone: (225) 342-5399
Fax: (225) 342-0142
Email: hud.usie@la.gov