SLS 11RS-153 ORIGINAL
Page 1 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Regular Session, 2011
SENATE BILL NO. 72
BY SENATOR MICHOT
ECONOMIC DEVELOPMENT. To extend the deadline for application to receive tax
credits or rebates relative to the Louisiana Quality Jobs Program. (8/15/11)
AN ACT1
To amend and reenact R.S. 51:2461, relative to the Louisiana Quality Jobs Program; to2
extend the deadline for applications to receive tax credits or rebates; and to provide3
for related matters.4
Be it enacted by the Legislature of Louisiana:5
Section 1. R.S. 51:2461 is hereby amended and reenacted to read as follows: 6
ยง2461. Application deadline7
On and after January 1, 2012 2018, no new applications to receive incentive8
tax credits or rebates under this Chapter shall be approved by the Department of9
Economic Development. However, an employer which, prior to January 1, 201210
2018, has been approved by the department to receive incentive tax credits or rebates11
under the program shall continue to receive tax credits or rebates pursuant to the12
terms of its agreement with the state of Louisiana as long as the employer retains its13
eligibility.14 SB NO. 72
SLS 11RS-153 ORIGINAL
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Alan Miller.
DIGEST
Present law prohibits new applications for incentive tax credits or rebates under the
Louisiana Quality Jobs Program act from being approved by the Department of Economic
Development on and after January 1, 2012.
Proposed law retains present law, but extends the deadline to January 1, 2018.
Present law provides that an employer who, prior to January 1, 2012, has been approved by
the department to receive incentive tax credits or rebates under the program shall continue
to receive tax credits or rebates pursuant to the terms of its agreement with the state as long
as the employer retains its eligibility.
Proposed law retains present law, but extends the deadline to January 1, 2018.
(Amends R.S. 51:2461)