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   Other Louisiana Business IncentivesMany new projects planned for the Gulf Opportunity Zone, including those financed through GO Zone Bonds, will also qualify for other state incentive programs. Available programs include:
Louisiana Enterprise Provides tax credits and rebates including a $2,500 tax credit for each net new permanent job created during the first five years of operation and a rebate of the state's 4% sales/use tax on the materials, machinery, and equipment purchased during the construction period and used exclusively on site.
Quality Jobs Program Rebates up to 6% of a qualifying company's gross annual payroll associated with new jobs created by a project for up to 10 years, and may rebate the state's 4% sales/use tax on the materials, machinery, and equipment purchased during the construction period and used exclusively on site.
Industrial Property Tax Abates local property taxes for 10 years on a manufacturer's investment in buildings, machinery, equipment, and other properties that are part of the manufacturing process and remain on the plant site.
Headquarter Growth Program Eliminates the taxes on interest and dividends for companies locating their headquarters in Louisiana and aligns with other states to apportion income from capital gains.
Research and Development Credit Provides tax credits for R&D activities from 8% to 20% to companies claiming federal income tax credit for research activities. These companies will now be able to claim against state income and corporation franchise taxes up to 8% of the state's apportioned share of increased R&D expenses or 25% of its apportioned share of federal research credit claimed.
Rail Rolling Stock Tax Exemption Offers tax incentives to companies to encourage the manufacturing and repair of rail rolling stock within Louisiana.
The Governor's Rapid Awards from this fund are made at the invitation of the Governor. HB 460 of the 2005 Regular Session made this a permanent $10 million annual fund for making major awards to businesses with economic development projects that can potentially create/retain jobs in Louisiana .
Early Stage Angel HB 627 of the 2005 Regular Session provides accredited Louisiana investors with an incentive for making early-stage investments in Louisiana-based startups. Allows the investor to receive a 50% tax credit divided into portions of 10% over five years on his income or corporation franchise tax liability owed to the state for early-stage investments in Louisiana startups.
Louisiana Film Tax Provides a flat 25% tax credit based upon investments of $300,000 and up. Productions shot in Louisiana can take a 10% credit of their aggregate Louisiana payroll, in addition to an infrastructure tax credit of 15% of the investment for the construction of new production facilities or studios.
Digital Media Tax Allows video game developers to earn a 20% tax credit against expenditures for production and long-term infrastructure in Louisiana .
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