DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part of the
legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law
or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HB 466 Original 2015 Regular Session Barras
Abstract: Changes eligibility requirements for enterprise zone contracts to receive sales tax rebates
and income tax credits.
Present law establishes the enterprise zone program through which businesses may enter into
contracts with the Board of Commerce and Industry to receive income tax credits or sales and use
tax rebate payments in exchange for the creation of a certain number of jobs that involve employees
who meet certain residency and other requirements.
Present law limits eligibility for retail businesses assigned a North American Industry Classification
(NAICS) Code of 44 or 45 with more than 100 employees nationwide, including affiliates, to grocery
stores and pharmacies located in an enterprise zone.
Proposed law adds a NAICS Code of 772 to the terms of eligibility and changes the number of
employees required for a grocery store or pharmacy with the required NAICS Code located in an
enterprise zone to be eligible from more than 100 employees nationwide to more than 50 employees
nationwide.
Proposed law further provides that if the grocery store or pharmacy has 50 or fewer employees
nationwide, including affiliates, eligibility is limited to businesses located in either a parish with a
population of 75,000 or less or in an enterprise zone within a parish with population greater than
75,000.
Proposed law is applicable to contracts for which an advance notification form is filed on or after
the effective date of proposed law.
Effective upon signature of the governor.
(Amends R.S. 51:1787(B)(3)(b))