IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 23 Jun 2017 | Removal date: open ended
Still in force

Tax or social insurance relief

On June 23, 2017 the governor of Louisiana signed into law a bill (SB183) that scales back some of the state government’s investment-incentive programs. It phased out by July 1, 2022 the Quality Jobs Program and the Competitive Projects Payroll Incentive Program. It also added to the list of employers not eligible for quality jobs incentives the following:

  1. Professional service firms that do not provide more than 50% of their services to out-of-state customers.
  2. Construction companies that are not the corporate headquarters of a multi-state business or that do not have more than 50% of their total sales to out-of-state customers or the federal government.
  3. Employment services.
  4. Medical professionals that are not engaged in biomedical or biotechnology industries, servicing rural hospitals, or providing at least 50% of their services to out-of-state patients.

The new law also prohibited the Board of Commerce and Industry from entering into contracts for tax exemptions, tax credits, and rebates with businesses that locate in university research and development parks. Prohibited new cooperative endeavor agreements with a mega-project for the rebate of severance tax.

AFFECTED COUNTRIES

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TABLE
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AFFECTED SECTORS AND PRODUCTS

541 General construction services of buildings
542 General construction services of civil engineering works
543 Site preparation services
821 Legal services
822 Accounting, auditing & bookkeeping services
823 Tax consultancy & preparation services
824 Insolvency & receivership services
851 Employment services
931 Human health services

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