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2018 Second Extraordinary Session
SENATE BILL NO. 11
BY SENATOR MORRELL
TAX/TAXATION. Limits annual expenditures on certain tax credit and rebate programs
and terminates the programs in 2025. (Item #21) (gov sig)
1 AN ACT
2 To amend and reenact R.S. 47:227, 265, 287.664, 297(C)(1), (H)(1) and (5), 6012(E),
3 6023(I) and (J), and 6032(F) and to enact R.S. 47:34(G), 35(E), 37(J), 287.749(F),
4 287.753(E), 287.755(J), 287.758(D), 297(I)(4) and (K)(4), 3204(M), 3206, 4307,
5 6004(D), 6005(H) and (I), 6006(G) and (H), 6006.1(H) and (I), 6008(E), 6009(G)
6 and (H), 6013(E) and (F), 6014(G) and (H), 6015(M) and (N), 6016(J) and (K),
7 6016.1(O) and (P), 6017(D), 6018(G), 6019(D), 6020(H), 6021(K), 6022(K) and
8 (M), 6025(F), 6032(I), 6034(L), 6035(J), 6105(C) and (D), 6107(D) and (E),
9 6301(D) and (E), and 6351(I) and (J) and R.S. 51:1787(L), 2357, 2399.3(C), 2399.7,
10 2463, and 3121(H) and (I), relative to tax credits and rebates; to provide termination
11 dates for certain business credits and rebates; to stabilize the annual expenditures
12 associated with tax incentive programs; and to provide for related matters.
13 Be it enacted by the Legislature of Louisiana:
14 Section 1. R.S. 47:227, 265, 287.664, 297(C)(1), (H)(1) and (5), 6012(E), 6023(I)
15 and (J), and 6032(F) are hereby amended and reenacted and R.S. 47:34(G), 35(E), 37(J),
16 287.749(F), 287.753(E), 287.755(J), 287.758(D), 297(I)(4) and (K)(4), 3204(M), 3206,
17 4307, 6004(D), 6005(H) and (I), 6006(G) and (H), 6006.1(H) and (I), 6008(E), 6009(G) and
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1 (H), 6013(E) and (F), 6014(G) and (H), 6015(M) and (N), 6016(J) and (K), 6016.1(O) and
2 (P), 6017(D), 6018(G), 6019(D), 6020(H), 6021(K), 6022(K) and (M), 6025(F), 6032(I),
3 6034(L), 6035(J), 6105(C) and (D), 6107(D) and (E), 6301(D) and (E), and 6351(I) and (J)
4 are hereby enacted to read as follows:
5 §34. Corporation New jobs tax credit
6 * * *
7 G. Beginning July 1, 2018, tax credits claimed by all recipients pursuant
8 to this Section and R.S. 47:297.749 shall be limited to an aggregate reduction of
9 tax liability that does not exceed five hundred thousand dollars each fiscal year.
10 §35. Neighborhood assistance tax credit
11 * * *
12 E. The credit provided for pursuant to this Section shall terminate and
13 shall have no effect after December 31, 2025.
14 * * *
15 §37. Tax credit for contributions to educational institutions
16 * * *
17 J. Beginning July 1, 2018, tax credits claimed by all recipients pursuant
18 to this Section and R.S. 47:297.755 shall be limited to an aggregate reduction of
19 tax liability that does not exceed one million two hundred thousand dollars each
20 fiscal year.
21 * * *
22 §227. Offset against tax for insurance premium taxes paid
23 A. Every insurance company shall be entitled to an offset against any tax
24 incurred under this Chapter, in the amount of any taxes, based on premiums, paid by
25 it during the preceding twelve months, by virtue of any law of this state.
26 B. Beginning July 1, 2018, tax credits claimed by all recipients pursuant
27 to this Section shall be limited to an aggregate reduction of tax liability that does
28 not exceed forty million dollars each fiscal year.
29 C. The credit provided for pursuant to this Section shall terminate and
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1 shall have no effect after December 31, 2025.
2 * * *
3 §265. Credits arising from refunds by utilities
4 A. Whenever a utility refunds to its customers, pursuant to an order of a court
5 or regulatory agency as a result of the denial of a proposed rate increase, an amount
6 or amounts which, if taken as a deduction from gross income in the year paid or
7 accrued, would result in a net loss, then in lieu of such deduction the utility may elect
8 to take a credit against its Louisiana income tax in the amount of seventy-two percent
9 of the income tax increase which was the sole result of the inclusion of the amount
10 or amounts refunded in gross income in the year or years received irrespective of
11 whether or not the period of limitation provided in R.S. 47:1623 has expired for the
12 year in which the amount refunded was included in gross income. If this credit
13 exceeds the income tax that would be due the state of Louisiana in the year of the
14 refund, computed without the credit, then the excess of this credit may be carried
15 over the following two taxable years.
16 B. The credit provided for pursuant to this Section shall terminate and
17 shall have no effect after December 31, 2025.
18 * * *
19 §287.664. Credits arising from refunds by utilities
20 A. Whenever a utility refunds to its customers, pursuant to an order of a court
21 or regulatory agency as a result of the denial of a proposed rate increase, an amount
22 or amounts which, if taken as a deduction from gross income in the year paid or
23 accrued, would result in a net loss, then in lieu of such deduction the utility may elect
24 to take a credit against its Louisiana income tax in the amount of seventy-two percent
25 of the income tax increase which was the sole result of the inclusion of the amount
26 or amounts refunded in gross income in the year or years received irrespective of
27 whether or not the period of limitation provided in R.S. 47:1623 has expired for the
28 year in which the amount refunded was included in gross income. If this credit
29 exceeds the income tax that would be due the state of Louisiana in the year of the
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1 refund, computed without the credit, then the excess of this credit may be carried
2 over the following two taxable years.
3 B. The credit provided for pursuant to this Section shall terminate and
4 shall have no effect after December 31, 2025.
5 * * *
6 §287.749. Jobs credit
7 * * *
8 F. Beginning July 1, 2018, tax credits claimed by all recipients pursuant
9 to this Section and R.S. 47:34 shall be limited to an aggregate reduction of tax
10 liability that does not exceed five hundred forty thousand dollars each fiscal
11 year.
12 * * *
13 §287.753. Neighborhood assistance tax credit
14 * * *
15 E. The credit provided for pursuant to this Section shall terminate and
16 shall have no effect after December 31, 2025.
17 * * *
18 §287.755. Tax credit for contributions to educational institutions
19 * * *
20 J. Beginning July 1, 2018, tax credits claimed by all recipients pursuant
21 to this Section and R.S. 47:37 shall be limited to an aggregate reduction of tax
22 liability that does not exceed one million two hundred thousand dollars each
23 fiscal year.
24 * * *
25 §287.758. Tax credit for bone marrow donor expense
26 * * *
27 D. The credit provided for pursuant to this Paragraph shall terminate
28 and shall have no effect for expenses paid on or after July 1, 2018.
29 * * *
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1 §297. Reduction to tax due; income tax credits
2 * * *
3 C.(1) There For taxable years beginning before January 1, 2026, there
4 shall be allowed to an individual, as a credit against the tax imposed by this Chapter
5 for the taxable year, an amount equal to seventy-two percent of the state gasoline and
6 motor fuels taxes and special fuels taxes paid to operate or propel a commercial
7 fishing boat. The credit shall not be allowed for any such taxes for which a refund
8 has been claimed pursuant to the provisions of Part VIII of Chapter 18 of this
9 Subtitle.
10 * * *
11 H. Small town doctor and dentist credit.
12 (1) The tax determined as provided in this Part shall be reduced by the lesser
13 of the tax due or three thousand six hundred dollars per taxable year up to a
14 maximum of five years for each taxpayer meeting all of the following criteria.
15 * * *
16 (5) The total amount of tax credits certified by the Louisiana Department of
17 Health and granted by the Department of Revenue in any calendar year shall not
18 exceed one million five hundred four hundred fifty thousand dollars. The rules and
19 regulations promulgated pursuant to the provisions of this Section shall establish the
20 method of allocating available tax credits to primary care health professionals
21 including but not limited to a first-come, first-served system, reservation of tax
22 credits for a specific time period, or other method which the departments may find
23 beneficial.
24 * * *
25 I. There shall be a bone marrow donor expense tax credit for any individual
26 taxpayer required to file a Louisiana tax return, acting as a business entity authorized
27 to do business in the state, operating as either a sole proprietorship, a partner in a
28 partnership, or as a Subchapter S Corporation, for bone marrow donor expense to be
29 determined as follows:
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1 * * *
2 (4) There shall be no tax credits earned pursuant to this Subsection for
3 employees hired on or after July 1, 2018.
4 * * *
5 K.(1) There shall be a credit against the tax liability due under this Chapter,
6 as provided in this Subsection, for each taxpayer who provides full-time employment
7 to an individual who has been convicted of a first time drug offense and who is less
8 than twenty-five years of age at the time of initial employment.
9 * * *
10 (4) There shall be no tax credits earned pursuant to this Subsection for
11 employees hired on or after July 1, 2018.
12 * * *
13 §3204. Contracts of exemption; renegotiation; violations; lists; priority of
14 exemptions
15 * * *
16 M. Beginning July 1, 2018, claims against state income tax, corporation
17 franchise tax, sales tax, and all other taxes allowed on returns as tax
18 equalization credits claimed with the Department of Revenue as provided for
19 in this Section shall be limited to an aggregate total of four million dollars each
20 fiscal year.
21 * * *
22 §3206. Tax equalization; termination date
23 No new contracts shall be entered into pursuant to this Chapter after
24 December 31, 2025.
25 * * *
26 §4307. Exemptions for manufacturing establishments; termination date
27 No new contracts shall be entered into pursuant to this Chapter after
28 July 1, 2018.
29 * * *
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1 §6004. Employer credit; employment of the previously unemployed
2 * * *
3 D. There shall be no tax credits earned pursuant to this Section for
4 employees hired on or after July 1, 2018.
5 §6005. Qualified new recycling manufacturing or process equipment and/or service
6 contracts
7 * * *
8 H. Beginning July 1, 2018, tax credits claimed by all recipients pursuant
9 to this Section shall be limited to an aggregate reduction of tax liability that does
10 not exceed two hundred fifty thousand dollars each fiscal year.
11 I. The credit provided for pursuant to this Section shall terminate and
12 shall have no effect after December 31, 2025.
13 §6006. Tax credits for local inventory taxes paid
14 * * *
15 G. (1) Beginning July 1, 2018, tax credits claimed by all recipients
16 pursuant to Paragraph (A)(1) of this Section shall be limited to an aggregate
17 reduction of tax liability that does not exceed three hundred million dollars each
18 fiscal year.
19 (2) Beginning July 1, 2018, tax credits claimed by all recipients pursuant
20 to Paragraph (A)(2) of this Section shall be limited to an aggregate reduction of
21 tax liability that does not exceed six million dollars each fiscal year.
22 H. The credits provided for pursuant to this Section shall terminate and
23 shall have no effect after December 31, 2025.
24 §6006.1. Tax credits for taxes paid with respect to vessels in Outer Continental Shelf
25 Lands Act Waters
26 * * *
27 H. Beginning July 1, 2018, tax credits claimed by all recipients pursuant
28 to this Section shall be limited to an aggregate reduction of tax liability that does
29 not exceed fifty-four million dollars each fiscal year.
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1 I. The credit provided for pursuant to this Section shall terminate and
2 shall have no effect after December 31, 2025.
3 * * *
4 §6008. Tax credits for donations made to assist playgrounds in economically
5 depressed areas
6 * * *
7 E. There shall be no tax credits earned pursuant to this Section for
8 donations made on or after July 1, 2018.
9 §6009. Louisiana Basic Skills Training Tax Credit
10 * * *
11 G. Beginning July 1, 2018, tax credits claimed by all recipients pursuant
12 to this Section shall be limited to an aggregate reduction of tax liability that does
13 not exceed forty thousand dollars each fiscal year.
14 H. The credit provided for pursuant to this Section shall terminate and
15 shall have no effect after December 31, 2025.
16 * * *
17 §6012. Employer tax credits for donations of materials, equipment, advisors, or
18 instructors
19 * * *
20 E. The tax credit granted by the provisions of this Section shall terminate on
21 January 1, 2001, unless reestablished prior thereto. There shall be no tax credits
22 earned pursuant to this Section for donations made on or after July 1, 2018.
23 * * *
24 §6013. Tax credits for donations made to public schools
25 * * *
26 E. Beginning July 1, 2018, tax credits claimed by all recipients pursuant
27 to this Section shall be limited to an aggregate reduction of tax liability that does
28 not exceed ten thousand dollars each fiscal year.
29 F. The credit provided for pursuant to this Section shall terminate and
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1 shall have no effect after December 31, 2025.
2 §6014. Credit for property taxes paid by certain telephone companies; fund
3 * * *
4 G. Beginning July 1, 2018, tax credits claimed by all recipients pursuant
5 to this Section shall be limited to an aggregate reduction of tax liability that does
6 not exceed fourteen million dollars each fiscal year.
7 H. The credit provided for pursuant to this Section shall terminate and
8 shall have no effect after December 31, 2025.
9 §6015. Research and development tax credit
10 * * *
11 M. Beginning July 1, 2018, tax credits claimed by all recipients pursuant
12 to this Section shall be limited to an aggregate reduction of tax liability that does
13 not exceed five million four hundred thousand dollars each fiscal year.
14 N. The credit provided for pursuant to this Section shall terminate and
15 shall have no effect after December 31, 2025.
16 §6016. New markets tax credit
17 * * *
18 J. Beginning July 1, 2018, tax credits claimed by all recipients pursuant
19 to this Section shall be limited to an aggregate reduction of tax liability that does
20 not exceed one million four hundred thousand dollars each fiscal year.
21 K. The credit provided for pursuant to this Section shall terminate and
22 shall have no effect after December 31, 2025.
23 §6016.1. Louisiana New Markets Jobs Act; premium tax credit
24 * * *
25 O. Beginning July 1, 2018, tax credits claimed by all recipients pursuant
26 to this Section shall be limited to an aggregate reduction of tax liability that does
27 not exceed one million four hundred thousand dollars each fiscal year.
28 P. The credit provided for pursuant to this Section shall terminate and
29 shall have no effect after December 31, 2025.
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1 §6017. Tax credits for certain expenses paid by economic development corporations
2 * * *
3 D. There shall be no tax credits earned pursuant to this Section for fees
4 paid on or after July 1, 2018.
5 §6018. Tax credits for purchasers from "PIE contractors"
6 * * *
7 G. There shall be no tax credits earned pursuant to this Section for sales
8 and use taxes paid on or after July 1, 2018.
9 §6019. Tax credit; rehabilitation of historic structures
10 * * *
11 D. Beginning July 1, 2018, tax credits claimed by all recipients pursuant
12 to this Section shall be limited to an aggregate reduction of tax liability that does
13 not exceed ninety-two million dollars each fiscal year.
14 §6020. Angel Investor Tax Credit Program
15 * * *
16 H. Beginning July 1, 2018, tax credits claimed by all recipients pursuant
17 to this Section shall be limited to an aggregate reduction of tax liability that does
18 not exceed one million five hundred thousand dollars each fiscal year.
19 §6021. Brownfields Investor Tax Credit
20 * * *
21 K. Beginning July 1, 2018, tax credits claimed by all recipients pursuant
22 to this Section shall be limited to an aggregate reduction of tax liability that does
23 not exceed twenty thousand dollars each fiscal year.
24 §6022. Digital interactive media and software tax credit
25 * * *
26 K. Beginning July 1, 2018, tax credits claimed by all recipients pursuant
27 to this Section shall be limited to an aggregate reduction of tax liability that does
28 not exceed ten million dollars each fiscal year.
29 * * *
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1 M. The credit provided for pursuant to this Section shall terminate and
2 shall have no effect after December 31, 2025.
3 §6023. Sound recording investor tax credit
4 * * *
5 I. No credits shall be granted pursuant to the provisions of this Section for
6 applications received on or after July 1, 2021.
7 J. No credit shall be allowed pursuant to this Section for applications received
8 on or after July 1, 2021 Beginning July 1, 2018, tax credits claimed by all
9 recipients pursuant to this Section shall be limited to an aggregate reduction of
10 tax liability that does not exceed eighty thousand dollars each fiscal year.
11 * * *
12 §6025. Tax credit for Louisiana Citizens Property Insurance Corporation assessment
13 * * *
14 F. Beginning July 1, 2018, tax credits claimed by all recipients pursuant
15 to this Section shall be limited to an aggregate reduction of tax liability that does
16 not exceed twelve million dollars each fiscal year.
17 * * *
18 §6032. Tax credit for certain milk producers
19 * * *
20 F. The credit allowed for each producer pursuant to this Section shall not
21 exceed twenty-one thousand six hundred dollars per calendar year. The Beginning
22 July 1, 2018, the total aggregate amount of tax credits for all producers provided for
23 under this Section shall be capped at one million eight hundred thousand dollars per
24 calendar year.
25 * * *
26 I. The credit provided for pursuant to this Section shall terminate and
27 shall have no effect after December 31, 2025.
28 §6034. Musical and theatrical production income tax credit
29 * * *
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1 L. Beginning July 1, 2018, tax credits claimed by all recipients pursuant
2 to this Section shall be limited to an aggregate reduction of tax liability that does
3 not exceed six million dollars each fiscal year.
4 §6035. Tax credit for conversion of vehicles to alternative fuel usage
5 * * *
6 J. Beginning July 1, 2018, tax credits claimed by all recipients pursuant
7 to this Section shall be limited to an aggregate reduction of tax liability that does
8 not exceed four million dollars each fiscal year.
9 * * *
10 §6105. Child care provider tax credit
11 * * *
12 C. Beginning July 1, 2018, tax credits claimed by all recipients pursuant
13 to this Section shall be limited to an aggregate reduction of tax liability that does
14 not exceed five million dollars each fiscal year.
15 D. The credit provided for pursuant to this Section shall terminate and
16 shall have no effect after December 31, 2025.
17 * * *
18 §6107. Business-supported child care and resource and referral credits
19 * * *
20 D. Beginning July 1, 2018, tax credits claimed by all recipients pursuant
21 to this Section shall be limited to an aggregate reduction of tax liability that does
22 not exceed one million five hundred thousand dollars each fiscal year.
23 E. The credits provided for pursuant to this Section shall terminate and
24 shall have no effect after December 31, 2025.
25 * * *
26 §6301. Credit; donations to school tuition organizations
27 * * *
28 D. Beginning July 1, 2018, rebates paid to and tax credits claimed by all
29 recipients pursuant to this Section shall be limited to an aggregate reduction of
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1 tax liability that does not exceed three million dollars each fiscal year.
2 E. The credits provided for pursuant to this Section shall terminate and
3 shall have no effect after December 31, 2025.
4 §6351. Rebates Procurement Processing Company Rebates; contracts for certain
5 state sales and use tax rebates
6 * * *
7 I. Beginning July 1, 2018, rebates paid to all recipients pursuant to this
8 Section shall be limited to an aggregate amount that does not exceed four
9 million two hundred thousand dollars each fiscal year.
10 J. No new contracts or contract renewals shall be approved pursuant to
11 this Section after December 31, 2025.
12 Section 2. R.S. 51:1787(L), 2357, 2399.3(C), 2399.7, 2463, and 3121(H) and (I) are
13 hereby enacted to read as follows:
14 §1787. Enterprise Zone Incentives
15 * * *
16 L. Beginning July 1, 2018, claims against state income tax and
17 corporation franchise tax and rebates paid to all recipients pursuant to this
18 Chapter shall be limited to an aggregate amount that does not exceed forty-one
19 million dollars each fiscal year.
20 * * *
21 §2357. Technology commercialization credit annual limitation
22 Beginning July 1, 2018, tax credits claimed by all recipients pursuant to
23 this Section shall be limited to an aggregate reduction of tax liability that does
24 not exceed sixty thousand dollars each fiscal year.
25 * * *
26 §2399.3. Modernization tax credit
27 * * *
28 C. Beginning July 1, 2018, tax credits claimed by all recipients pursuant
29 to this Section shall be limited to an aggregate reduction of tax liability that does
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1 not exceed three million seven hundred thousand dollars each fiscal year.
2 * * *
3 §2399.7. Modernization tax credit termination
4 No contracts or contract renewals shall be executed pursuant to this
5 Chapter after December 31, 2025.
6 * * *
7 §2463. Louisiana Quality Jobs rebate annual limitation
8 Beginning July 1, 2018, rebates paid to all recipients pursuant to this
9 Section shall be limited to an aggregate amount that does not exceed one
10 hundred million dollars each fiscal year.
11 * * *
12 §3121. Competitive Projects Payroll Incentive Program
13 * * *
14 H. Beginning July 1, 2018, rebates paid to all recipients pursuant to this
15 Section shall be limited to an aggregate amount that does not exceed three
16 hundred thousand dollars each fiscal year.
17 I. No contracts or contract renewals shall be executed pursuant to this
18 Section after December 31, 2025.
19 Section 3. The provisions of this Act shall apply to all claims for rebates and credits
20 filed with the Department of Revenue on or after July 1, 2018, regardless of the taxable year
21 to which the claim relates.
22 Section 4. This Act shall become effective upon signature by the governor or, if not
23 signed by the governor, upon expiration of the time for bills to become law without signature
24 by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
25 vetoed by the governor and subsequently approved by the legislature, this Act shall become
26 effective on the day following such approval.
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The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Leonore Heavey.
DIGEST
SB 11 Original 2018 Second Extraordinary Session Morrell
Present law provides for a variety of tax credit and rebate programs for business.
Present law provides no annual limits on the expenditure for the majority of these tax
incentive programs.
Present law provides no termination date for the majority of these tax incentive programs.
Proposed law limits the aggregate amount of each tax incentive that can be claimed per fiscal
year on tax returns or rebate claim forms for all taxpayers submitting claims on or after July
1, 2018.
Proposed law further provides a Dec. 31, 2025, termination date for active programs that do
not already have a statutory termination date and provides a July 1, 2018, termination date
for inactive programs. The aggregate amount that can be claimed during any future fiscal
year for these programs and termination dates are as follows:
(1) New Jobs credit (R.S. 47:34 and R.S.
47:287.749)
$500,000
(2)Neighborhood assistance tax credit (R.S.
47:35)
Dec. 31,
2025
(3) Tax credit for contributions to educational
institutions (R.S. 47:37 and R.S. 47:297.455)
$1,200,000
(4)Premium tax credit (R.S. 47:227) $40,000,000Dec. 31,
2025
(5) Credits arising from refunds by utilities (R.S.
47:265 and R.S. 287.664)
Dec. 31,
2025
(6) Tax credit for bone marrow donor expense
(R.S. 47:287.758 and R.S. 47:297(I))
July 1, 2018
(7) Gasoline and special fuels taxes for
commercial fisherman (R.S. 47:297(C))
Dec. 31,
2025
(8) Small town doctor and dentist credit (R.S.
47:297(H))
$450,000
(9) Employment of certain first time drug
offenders (R.S. 47:297(K))
July 1, 2018
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(10) Industrial tax equalization credit (R.S.
47:3201-3205)
$4,000,000Dec. 31,
2025
(11) Exemptions for manufacturing establishments
(R.S. 47:4301-4306)
July 1, 2018
(12) Employment of the previously unemployed
(R.S. 47:6004)
July 1, 2018
(13) Purchase of qualified new recycling
manufacturing or process equipment and/or
service contracts (R.S. 47:6005)
$250,000 Dec. 31,
2025
(14) Ad valorem tax on inventory (R.S. 47:6006)$300,000,000Dec. 31,
2025
(15) Ad Valorem tax on natural gas (R.S.
47:6006)
$6,000,000Dec. 31,
2025
(16) Ad valorem tax credit for offshore vessels
(R.S. 47:6006.1)
$54,000,000Dec. 31,
2025
(17) Donations to Assist Qualified Playgrounds
(R.S. 47:6008)
July 1, 2018
(18) Basic skills training tax credit (R.S. 47:6009)$40,000 Dec. 31,
2025
(19) Donations of materials, equipment, or
instructors made to certain training providers
(R.S. 47:6012)
July 1, 2018
(20) Donations to public elementary or secondary
schools (R.S. 47:6013)
$10,000 Dec. 31,
2025
(21) Ad valorem tax paid by certain telephone
companies (R.S. 47:6014)
$14,000,000Dec. 31,
2025
(22) Research and development tax credit (R.S.
47:6015)
$5,400,000Dec. 31,
2025
(23) New markets tax credit (R.S. 47:6016) $1,400,000Dec. 31,
2025
(24) New markets jobs premium tax credit (R.S.
47:6016.1)
$1,400,000Dec. 31,
2025
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(25) Credit for debt issuance cost (R.S. 47:6017) July 1, 2018
(26) Purchases from prison industry enhancement
contractors (R.S. 47:6018)
July 1, 2018
(27) Rehabilitation of Historic Structures (R.S.
47:6019)
$92,000,000
(28)Angel Investor tax credit program (R.S.
47:6020)
$1,500,000
(29) Brownfields investor tax credit (R.S. 47:6021)$20,000
(30)Digital interactive media credit (R.S.
47:6022)
$10,000,000Dec. 31,
2025
(31) Sound recording investor tax credit (R.S.
47:6023)
$80,000
(32) Citizens property insurance corporation
assessment (R.S. 47:6025)
$12,000,000Dec. 31,
2025
(33) Milk producer credit (R.S. 47:6032) $1,000,000Dec. 31,
2025
(34) Musical and theatrical production income tax
credit (R.S. 47:6034)
$6,000,000
(35) Conversion of vehicles to alternative fuel
usage (R.S. 47:6035)
$4,000,000
(36) School readiness child care provider tax credit
(R.S. 47:6105)
$5,000,000Dec. 31,
2025
(37) School readiness business-supported and
grants to resource and referral agencies credit
child care credits (R.S. 47:6107)
$1,500,000Dec. 31,
2025
(38) School tuition organizations donation credit
(R.S. 47:6301)
$3,000,000Dec. 31,
2025
(39) Procurement processing company rebates
(R.S. 47:6351)
$4,200,000Dec. 31,
2025
(40) Enterprise zone program incentives (R.S.
51:1781-1791)
$41,000,000Dec. 31,
2025
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 11
SLS 182ES-34 ORIGINAL
(41) Technology commercialization credit (R.S.
51:2351-2356)
$60,000
(42)Modernization tax credit (R.S. 51:2399.1-
2399.6)
$3,700,000Dec. 31,
2025
(43)Louisiana quality jobs rebates (R.S. 51:2451-
2462)
$100,000,000
(44) Competitive projects payroll incentive
program (R.S. 51:3121)
$300,000 Dec. 31,
2025
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Amends R.S. 47:227, 265, 287.664, 297(C)(1), (H)(1) and (5), 6012(E), 6023(I) and (J), and
6032(F); adds R.S. 47:34(G), 35(E), 37(J), 287.749(F), 287.753(E), 287.755(J), 287.758(D),
297(I)(4) and (K)(4), 3204(M), 3206, 4307, 6004(D), 6005(H) and (I), 6006(G) and (H),
6006.1(H) and (I), 6008(E), 6009(G) and (H), 6013(E) and (F), 6014(G) and (H), 6015(M)
and (N), 6016(J) and (K), 6016.1(O) and (P), 6017(D), 6018(G), 6019(D), 6020(H),
6021(K), 6022(K) and (M), 6025(F), 6032(I), 6034(L), 6035(J), 6105(C) and (D), 6107(D)
and (E), 6301(D) and (E), and 6351(I) and (J) and R.S. 51:1787(L), 2357, 2399.3(C), 2399.7,
2463, and 3121(H) and (I))
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.