Louisiana R&D Tax Credit Summary

R&D Tax Credit Available

Yes

STATE

Louisiana

NAME

Research & Development Tax Credit

DOES IT APPLY TO C-CORPS & PASS THROUGHS?

Yes

DESCRIPTION

A non-refundable credit with similar definition to federal for Qualified Research Expenses and Qualified Research Activities except only include Louisiana-based expenses. You must apply for the credit. Professional services and custom manufacturing companies do not qualify.

PERCENTAGE

30% on incremental expenses over base amount for companies with 0-49 employees

10% on incremental expenses over base amount for companies with 50-99 employees

5% on incremental expenses over base amount for companies with more than 100 employees