To encourage research and development in Louisiana, taxpayers are offered a tax credit to be applied against state income or corporate franchise tax liability. If the amount of credit exceeds the amount of tax liability for the tax year, the excess credit may be carried forward as a credit against subsequent state income or corporate franchise tax liability for up to five years
The 2020 Louisiana Legislature Special Session adopted the following amendment to the rules for the Louisiana R&D program due to the Covid-19 impacted businesses. Senate Bill 4 passed into Act 13 signed by the governor effective July 1, 2020 extended the availability of credits for an additional four years to December 31, 2025.
LOUISIANA ECONOMIC DEVELOPMENT
Business Development Officer
Phone: (225) 342-5341
Kelly A, Raney
Manager, Business Incentives Services