ANNOUNCEMENT 23 Jun 2017
The bill phased out two incentive programs and specified that certain sectors are outside their scope.
NUMBER OF INTERVENTIONS
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:
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.