SLS 182ES-34 ENGROSSED
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), 6007(J)(2)(a),
3 6012(E), and 6019(A)(1)(a) 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), 6004(D), 6005(H) and (I),
5 6006(G) and (H), 6006.1(H) and (I), 6008(E), 6009(G) and (H), 6013(E) and (F),
6 6015(M) and (N), 6016(J), 6016.1(O), 6017(D), 6018(G), 6022(K) and (M), 6025(F),
7 6032(I), 6034(L), 6035(J), 6105(C), 6107(D), 6301(D), and 6351(I) and R.S.
8 51:1787(L), 2357, 2399.3(C), 2399.7, 2463, and 3121(H), relative to tax credits and
9 rebates; to provide termination dates for certain business credits and rebates; to
10 stabilize the annual expenditures associated with tax incentive programs; and to
11 provide for related matters.
12 Be it enacted by the Legislature of Louisiana:
13 Section 1. R.S. 47:227, 265, 287.664, 297(C)(1), (H)(1) and (5), 6007(J)(2)(a),
14 6012(E), and 6019(A)(1)(a) are hereby amended and reenacted and R.S. 47:34(G), 35(E),
15 37(J), 287.749(F), 287.753(E), 287.755(J), 287.758(D), 297(I)(4) and (K)(4), 6004(D),
16 6005(H) and (I), 6006(G) and (H), 6006.1(H) and (I), 6008(E), 6009(G) and (H), 6013(E)
17 and (F), 6015(M) and (N), 6016(J), 6016.1(O), 6017(D), 6018(G), 6022(K) and (M),
Page 1 of 17
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 ENGROSSED
1 6025(F), 6032(I), 6034(L), 6035(J), 6105(C), 6107(D), 6301(D), and 6351(I) are hereby
2 enacted to read as follows:
3 §34. Corporation New jobs tax credit
4 * * *
5 G. Beginning July 1, 2019, tax credits claimed by all recipients pursuant
6 to this Section and R.S. 47:297.749 shall be limited to an aggregate reduction of
7 tax liability that does not exceed five hundred thousand dollars each fiscal year.
8 §35. Neighborhood assistance tax credit
9 * * *
10 E. The credit provided for pursuant to this Section shall terminate and
11 shall have no effect after December 31, 2025.
12 * * *
13 §37. Tax credit for contributions to educational institutions
14 * * *
15 J. Beginning July 1, 2019, tax credits claimed by all recipients pursuant
16 to this Section and R.S. 47:297.755 shall be limited to an aggregate reduction of
17 tax liability that does not exceed one million two hundred thousand dollars each
18 fiscal year.
19 * * *
20 §227. Offset against tax for insurance premium taxes paid
21 A. Every insurance company shall be entitled to an offset against any tax
22 incurred under this Chapter, in the amount of any taxes, based on premiums, paid by
23 it during the preceding twelve months, by virtue of any law of this state.
24 B. The credit provided for pursuant to this Section shall terminate and
25 shall have no effect after December 31, 2025.
26 * * *
27 §265. Credits arising from refunds by utilities
28 A. Whenever a utility refunds to its customers, pursuant to an order of a court
29 or regulatory agency as a result of the denial of a proposed rate increase, an amount
Page 2 of 17
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 ENGROSSED
1 or amounts which, if taken as a deduction from gross income in the year paid or
2 accrued, would result in a net loss, then in lieu of such deduction the utility may elect
3 to take a credit against its Louisiana income tax in the amount of seventy-two percent
4 of the income tax increase which was the sole result of the inclusion of the amount
5 or amounts refunded in gross income in the year or years received irrespective of
6 whether or not the period of limitation provided in R.S. 47:1623 has expired for the
7 year in which the amount refunded was included in gross income. If this credit
8 exceeds the income tax that would be due the state of Louisiana in the year of the
9 refund, computed without the credit, then the excess of this credit may be carried
10 over the following two taxable years.
11 B. The credit provided for pursuant to this Section shall terminate and
12 shall have no effect after December 31, 2025.
13 * * *
14 §287.664. Credits arising from refunds by utilities
15 A. Whenever a utility refunds to its customers, pursuant to an order of a court
16 or regulatory agency as a result of the denial of a proposed rate increase, an amount
17 or amounts which, if taken as a deduction from gross income in the year paid or
18 accrued, would result in a net loss, then in lieu of such deduction the utility may elect
19 to take a credit against its Louisiana income tax in the amount of seventy-two percent
20 of the income tax increase which was the sole result of the inclusion of the amount
21 or amounts refunded in gross income in the year or years received irrespective of
22 whether or not the period of limitation provided in R.S. 47:1623 has expired for the
23 year in which the amount refunded was included in gross income. If this credit
24 exceeds the income tax that would be due the state of Louisiana in the year of the
25 refund, computed without the credit, then the excess of this credit may be carried
26 over the following two taxable years.
27 B. The credit provided for pursuant to this Section shall terminate and
28 shall have no effect after December 31, 2025.
29 * * *
Page 3 of 17
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 ENGROSSED
1 §287.749. Jobs credit
2 * * *
3 F. Beginning July 1, 2019, tax credits claimed by all recipients pursuant
4 to this Section and R.S. 47:34 shall be limited to an aggregate reduction of tax
5 liability that does not exceed five hundred forty thousand dollars each fiscal
6 year.
7 * * *
8 §287.753. Neighborhood assistance tax credit
9 * * *
10 E. The credit provided for pursuant to this Section shall terminate and
11 shall have no effect after December 31, 2025.
12 * * *
13 §287.755. Tax credit for contributions to educational institutions
14 * * *
15 J. Beginning July 1, 2019, tax credits claimed by all recipients pursuant
16 to this Section and R.S. 47:37 shall be limited to an aggregate reduction of tax
17 liability that does not exceed one million two hundred thousand dollars each
18 fiscal year.
19 * * *
20 §287.758. Tax credit for bone marrow donor expense
21 * * *
22 D. The credit provided for pursuant to this Paragraph shall terminate
23 and shall have no effect for expenses paid on or after July 1, 2018.
24 * * *
25 §297. Reduction to tax due; income tax credits
26 * * *
27 C.(1) There For taxable years beginning before January 1, 2026, there
28 shall be allowed to an individual, as a credit against the tax imposed by this Chapter
29 for the taxable year, an amount equal to seventy-two percent of the state gasoline and
Page 4 of 17
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 ENGROSSED
1 motor fuels taxes and special fuels taxes paid to operate or propel a commercial
2 fishing boat. The credit shall not be allowed for any such taxes for which a refund
3 has been claimed pursuant to the provisions of Part VIII of Chapter 18 of this
4 Subtitle.
5 * * *
6 H. Small town doctor and dentist credit.
7 (1) The tax determined as provided in this Part shall be reduced by the lesser
8 of the tax due or three thousand six hundred dollars per taxable year up to a
9 maximum of five years for each taxpayer meeting all of the following criteria.
10 * * *
11 (5) The total amount of tax credits certified by the Louisiana Department of
12 Health and granted by the Department of Revenue in any calendar year shall not
13 exceed one million five hundred four hundred fifty thousand dollars. The rules and
14 regulations promulgated pursuant to the provisions of this Section shall establish the
15 method of allocating available tax credits to primary care health professionals
16 including but not limited to a first-come, first-served system, reservation of tax
17 credits for a specific time period, or other method which the departments may find
18 beneficial.
19 * * *
20 I. There shall be a bone marrow donor expense tax credit for any individual
21 taxpayer required to file a Louisiana tax return, acting as a business entity authorized
22 to do business in the state, operating as either a sole proprietorship, a partner in a
23 partnership, or as a Subchapter S Corporation, for bone marrow donor expense to be
24 determined as follows:
25 * * *
26 (4) The credit provided for pursuant to this Subsection shall terminate
27 and shall have no effect for expenses paid on or after July 1, 2018.
28 * * *
29 K.(1) There shall be a credit against the tax liability due under this Chapter,
Page 5 of 17
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 ENGROSSED
1 as provided in this Subsection, for each taxpayer who provides full-time employment
2 to an individual who has been convicted of a first time drug offense and who is less
3 than twenty-five years of age at the time of initial employment.
4 * * *
5 (4) There shall be no tax credits earned pursuant to this Subsection for
6 employees hired on or after July 1, 2018.
7 * * *
8 §6004. Employer credit; employment of the previously unemployed
9 * * *
10 D. There shall be no tax credits earned pursuant to this Section for
11 employees hired on or after July 1, 2018.
12 §6005. Qualified new recycling manufacturing or process equipment and/or service
13 contracts
14 * * *
15 H. Beginning July 1, 2019, tax credits claimed by all recipients pursuant
16 to this Section shall be limited to an aggregate reduction of tax liability that does
17 not exceed two hundred fifty thousand dollars each fiscal year.
18 I. The credit provided for pursuant to this Section shall terminate and
19 shall have no effect after December 31, 2025.
20 §6006. Tax credits for local inventory taxes paid
21 * * *
22 G.(1) Beginning July 1, 2019, tax credits claimed by all recipients
23 pursuant to Paragraph (A)(1) of this Section shall be limited to an aggregate of
24 three hundred million dollars each fiscal year.
25 (2) Beginning July 1, 2019, tax credits claimed by all recipients pursuant
26 to Paragraph (A)(2) of this Section shall be limited to an aggregate of six million
27 dollars each fiscal year.
28 H. The credits provided for pursuant to this Section shall terminate and
29 shall have no effect after December 31, 2025.
Page 6 of 17
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 ENGROSSED
1 §6006.1. Tax credits for taxes paid with respect to vessels in Outer Continental Shelf
2 Lands Act Waters
3 * * *
4 H. Beginning July 1, 2019, tax credits claimed by all recipients pursuant
5 to this Section shall be limited to an aggregate of fifty-four million dollars each
6 fiscal year.
7 I. The credit provided for pursuant to this Section shall terminate and
8 shall have no effect after December 31, 2025.
9 * * *
10 §6007. Motion picture production tax credit
11 * * *
12 J. Credit caps, structured pay outs, and project size limitations
13 * * *
14 (2) Department of Revenue taxpayer claim cap.
15 (a)(i) Beginning July 1, 2017 through June 30, 2021, claims against state
16 income tax allowed on returns for tax credits or transfers of such tax credits,
17 including legacy credits, to the Department of Revenue as provided for in Paragraph
18 (C)(4) of this Section shall be limited to an aggregate total of one hundred eighty
19 million dollars each fiscal year. If less than one hundred eighty million dollars of
20 such tax credits and transfers are allowed in a fiscal year, the remaining amount, plus
21 any amounts remaining from previous fiscal years, shall be added to the one hundred
22 eighty million dollar limit of subsequent fiscal years until that amount of tax credits
23 or tax credit transfers to the Department of Revenue are claimed and allowed.
24 (ii) Beginning July 1, 2021, claims against state income tax allowed on
25 returns for tax credits or transfers of such tax credits, including legacy credits,
26 to the Department of Revenue as provided for in Paragraph (C)(4) of this
27 Section shall be limited to an aggregate total of one hundred fifty million dollars
28 each fiscal year.
29 * * *
Page 7 of 17
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 ENGROSSED
1 §6008. Tax credits for donations made to assist playgrounds in economically
2 depressed areas
3 * * *
4 E. There shall be no tax credits earned pursuant to this Section for
5 donations made on or after July 1, 2018.
6 §6009. Louisiana Basic Skills Training Tax Credit
7 * * *
8 G. Beginning July 1, 2019, 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 forty thousand dollars each fiscal year.
11 H. The credit provided for pursuant to this Section shall terminate and
12 shall have no effect after December 31, 2025.
13 * * *
14 §6012. Employer tax credits for donations of materials, equipment, advisors, or
15 instructors
16 * * *
17 E. The tax credit granted by the provisions of this Section shall terminate on
18 January 1, 2001, unless reestablished prior thereto. There shall be no tax credits
19 earned pursuant to this Section for donations made on or after July 1, 2018.
20 * * *
21 §6013. Tax credits for donations made to public schools
22 * * *
23 E. Beginning July 1, 2019, tax credits claimed by all recipients pursuant
24 to this Section shall be limited to an aggregate reduction of tax liability that does
25 not exceed ten thousand dollars each fiscal year.
26 F. The credit provided for pursuant to this Section shall terminate and
27 shall have no effect after December 31, 2025.
28 * * *
29 §6015. Research and development tax credit
Page 8 of 17
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 ENGROSSED
1 * * *
2 M. Beginning July 1, 2019, tax credits claimed by all recipients pursuant
3 to this Section shall be limited to an aggregate reduction of tax liability that does
4 not exceed five million dollars each fiscal year.
5 N. The credit provided for pursuant to this Section shall terminate and
6 shall have no effect after December 31, 2025.
7 §6016. New markets tax credit
8 * * *
9 J. The credit provided for pursuant to this Section shall terminate and
10 shall have no effect after December 31, 2025.
11 §6016.1. Louisiana New Markets Jobs Act; premium tax credit
12 * * *
13 O. The credit provided for pursuant to this Section shall terminate and
14 shall have no effect after December 31, 2025.
15 §6017. Tax credits for certain expenses paid by economic development corporations
16 * * *
17 D. There shall be no tax credits earned pursuant to this Section for fees
18 paid on or after July 1, 2018.
19 §6018. Tax credits for purchasers from "PIE contractors"
20 * * *
21 G. There shall be no tax credits earned pursuant to this Section for sales
22 and use taxes paid on or after July 1, 2018.
23 §6019. Tax credit; rehabilitation of historic structures
24 A.(1)(a) There shall be a credit against income and corporation franchise tax
25 for the amount of eligible costs and expenses incurred during the rehabilitation of a
26 historic structure located in a downtown development or a cultural district.
27 (i) The amount of the credit shall equal twenty-five percent of the eligible
28 costs and expenses of the rehabilitation incurred prior to January 1, 2018, regardless
29 of the year in which the property is placed in service.
Page 9 of 17
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 ENGROSSED
1 (ii) The amount of the credit shall equal twenty percent of the eligible costs
2 and expenses of the rehabilitation incurred on or after January 1, 2018, and before
3 January 1, 2022 July 1, 2022, regardless of the year in which the property is placed
4 in service.
5 (iii) For projects for which the Division of Historic Preservation
6 approves Part 2 of the application for credits after August 1, 2018, there shall
7 be a credit issuing cap of one hundred ten million dollars per fiscal year. If the
8 total amount of credits granted in any fiscal year is less than the annual
9 respective cap, any residual amount may be available for issuance by the
10 department during the following fiscal year. The department shall by rule
11 establish the method of provisionally allocating available tax credits when
12 projects receive Part 2 approval, and the method for granting tax credits,
13 including but not limited to a first-come, first-served system, reservation of tax
14 credits for a specific time period, or other method which the department, in
15 consultation with the Department of Culture, Recreation and Tourism, may
16 find beneficial to the program.
17 (iv) No credit is authorized pursuant to this Section for expenses incurred on
18 or after January 1, 2022 July 1, 2025.
19 * * *
20 §6022. Digital interactive media and software tax credit
21 * * *
22 K. Beginning July 1, 2019, tax credits claimed by all recipients pursuant
23 to this Section shall be limited to an aggregate reduction of tax liability that does
24 not exceed fifty million dollars each fiscal year.
25 * * *
26 M. The credit provided for pursuant to this Section shall terminate and
27 shall have no effect after December 31, 2025.
28 * * *
29 §6025. Tax credit for Louisiana Citizens Property Insurance Corporation assessment
Page 10 of 17
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 ENGROSSED
1 * * *
2 F. Beginning July 1, 2019, tax credits claimed by all recipients pursuant
3 to this Section shall be limited to an aggregate of twelve million dollars each
4 fiscal year.
5 * * *
6 §6032. Tax credit for certain milk producers
7 * * *
8 I. The credit provided for pursuant to this Section shall terminate and
9 shall have no effect after December 31, 2025.
10 §6034. Musical and theatrical production income tax credit
11 * * *
12 L. Beginning July 1, 2019, tax credits claimed by all recipients pursuant
13 to this Section shall be limited to an aggregate of ten million dollars each fiscal
14 year.
15 §6035. Tax credit for conversion of vehicles to alternative fuel usage
16 * * *
17 J. Beginning July 1, 2019, tax credits claimed by all recipients pursuant
18 to this Section shall be limited to an aggregate of four million dollars each fiscal
19 year.
20 * * *
21 §6105. Child care provider tax credit
22 * * *
23 C. The credit provided for pursuant to this Section shall terminate and
24 shall have no effect after December 31, 2025.
25 * * *
26 §6107. Business-supported child care and resource and referral credits
27 * * *
28 D. The credits provided for pursuant to this Section shall terminate and
29 shall have no effect after December 31, 2025.
Page 11 of 17
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 ENGROSSED
1 * * *
2 §6301. Credit; donations to school tuition organizations
3 * * *
4 D. The credits provided for pursuant to this Section shall terminate and
5 shall have no effect after December 31, 2025.
6 §6351. Rebates Procurement Processing Company Rebates; contracts for certain
7 state sales and use tax rebates
8 * * *
9 I. No new contracts shall be approved pursuant to this Section with
10 procurement processing companies and no new contracts between procurement
11 processing companies and purchasing companies shall be entered into after
12 December 31, 2025.
13 Section 2. R.S. 51:1787(L), 2357, 2399.3(C), 2399.7, 2463, and 3121(H) are hereby
14 enacted to read as follows:
15 §1787. Enterprise Zone Incentives
16 * * *
17 L. Beginning July 1, 2018, claims against state income tax and
18 corporation franchise tax and rebates paid to all recipients pursuant to this
19 Chapter shall be limited to an aggregate amount that does not exceed sixty
20 million dollars each fiscal year.
21 * * *
22 §2357. Technology commercialization credit annual limitation
23 Beginning July 1, 2019, tax credits claimed by all recipients pursuant to
24 this Section shall be limited to an aggregate of sixty thousand dollars each fiscal
25 year.
26 * * *
27 §2399.3. Modernization tax credit
28 * * *
29 C. Beginning July 1, 2019, tax credits claimed by all recipients pursuant
Page 12 of 17
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 ENGROSSED
1 to this Section shall be limited to an aggregate of five million dollars each fiscal
2 year.
3 * * *
4 §2399.7. Modernization tax credit termination
5 No contracts or contract renewals shall be executed pursuant to this
6 Chapter after December 31, 2025.
7 * * *
8 §2463. Louisiana Quality Jobs rebate annual limitation
9 Beginning July 1, 2018, rebates paid to all recipients pursuant to this
10 Section shall be limited to an aggregate amount that does not exceed one
11 hundred fifty million dollars each fiscal year.
12 * * *
13 §3121. Competitive Projects Payroll Incentive Program
14 * * *
15 H. Beginning July 1, 2018, rebates paid to all recipients pursuant to this
16 Section shall be limited to an aggregate amount that does not exceed ten million
17 dollars each fiscal year.
18 Section 3. Unless otherwise provided, all rebates and credits in this Act subject to an
19 annual or total program cap or limit on the total amount of the rebate or credit which may
20 be allowed to taxpayers within a certain time period shall be administered on a first-come,
21 first-served basis. If the total amount of rebates or credits applied for in any particular time
22 period exceeds the amount of rebates or credits applied for authorized for that year, the
23 excess shall be treated as having been applied for on the first day of the subsequent year. All
24 requests received on the same business day shall be treated as received at the same time, and
25 if the aggregate amount of the requests received on a single business day exceed the total
26 amount of available rebates or credits, rebates or credits shall be approved on a pro rata
27 basis.
28 Section 4. The provisions of this Act shall apply to all claims for rebates and credits
29 filed with the Department of Revenue on or after July 1, 2018, regardless of the taxable year
Page 13 of 17
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 ENGROSSED
1 to which the claim relates.
2 Section 5. This Act shall become effective upon signature by the governor or, if not
3 signed by the governor, upon expiration of the time for bills to become law without signature
4 by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
5 vetoed by the governor and subsequently approved by the legislature, this Act shall become
6 effective on the day following such approval.
The original instrument was prepared by Leonore F. Heavey. The following
digest, which does not constitute a part of the legislative instrument, was
prepared by James Benton.
DIGEST
SB 11 Engrossed 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 that can be claimed per fiscal year for certain
credits and rebates on tax returns or rebate claim forms for all taxpayers submitting claims
on or after July 1, 2019.
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 in proposed law 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. 47:297.755)
$1,200,000
(4)Premium tax credit (R.S. 47:227) Dec. 31,
2025
(5) Credits arising from refunds by utilities
(R.S. 47:265 and R.S. 47:287.664)
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
Page 14 of 17
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 ENGROSSED
(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
(10) Employment of the previously unemployed
(R.S. 47:6004)
July 1, 2018
(11) Purchase of qualified new recycling
manufacturing or process equipment and/or
service contracts (R.S. 47:6005)
$250,000 Dec. 31,
2025
(12) Ad valorem tax on inventory (R.S. 47:6006) $300,000,000Dec. 31,
2025
(13) Ad Valorem tax on natural gas (R.S. 47:6006)$6,000,000Dec. 31,
2025
(14) Ad valorem tax credit for offshore vessels
(R.S. 47:6006.1)
$54,000,000Dec. 31,
2025
(15) Motion Picture Production Credit
(R.S. 47:6007)
Reduce backend cap to
$150,000,000 on July 1, 2022
(16) Donations to Assist Qualified Playgrounds
(R.S. 47:6008)
July 1, 2018
(17) Basic skills training tax credit (R.S. 47:6009)$40,000 Dec. 31,
2025
(18) Donations of materials, equipment, or
instructors made to certain training providers
(R.S. 47:6012)
July 1, 2018
(19) Donations to public elementary or secondary
schools (R.S. 47:6013)
$10,000 Dec. 31,
2025
(20) Research and development tax credit
(R.S. 47:6015)
$5,400,000Dec. 31,
2025
(21) New markets tax credit (R.S. 47:6016) Dec. 31,
2025
(22) New markets jobs premium tax credit
(R.S. 47:6016.1)
Dec. 31,
2025
Page 15 of 17
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 ENGROSSED
(23) Credit for debt issuance cost (R.S. 47:6017) July 1, 2018
(24) Purchases from prison industry enhancement
contractors (R.S. 47:6018)
July 1, 2018
(25) Rehabilitation of Historic Structures
(R.S. 47:6019)
$110,000,000
(26)Digital interactive media credit (R.S. 47:6022)$10,000,000Dec. 31,
2025
(27) Sound recording investor tax credit
(R.S. 47:6023)
$5,000,000
(28) Citizens property insurance corporation
assessment (R.S. 47:6025)
$12,000,000Dec. 31,
2025
(29) Milk producer credit (R.S. 47:6032) Dec. 31,
2025
(30) Musical and theatrical production income tax
credit (R.S. 47:6034)
$10,000,000
(31) Conversion of vehicles to alternative fuel
usage (R.S. 47:6035)
$4,000,000
(32) School readiness child care provider tax credit
(R.S. 47:6105)
Dec. 31,
2025
(33) School readiness business-supported and
grants to resource and referral agencies credit
child care credits (R.S. 47:6107)
Dec. 31,
2025
(34) School tuition organizations donation credit
(R.S. 47:6301)
Dec. 31,
2025
(35) Procurement processing company rebates
(R.S. 47:6351)
Dec. 31,
2025
(36) Enterprise zone program incentives
(R.S. 51:1781-1791)
$60,000,000
(37) Technology commercialization credit
(R.S. 51:2351-2356)
$60,000
(38)Modernization tax credit
(R.S. 51:2399.1-2399.6)
$5,000,000Dec. 31,
2025
Page 16 of 17
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 ENGROSSED
(39)Louisiana quality jobs rebates
(R.S. 51:2451-2462)
$150,000,000
(40) Competitive projects payroll incentive
program (R.S. 51:3121)
$10,000,000
Proposed law provides that if the total amount of credits applied for in a year exceeds the
amount available the excess will be treated as having been applied for on the first day of the
subsequent year.
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), 6007(J)(2)(a), 6012(E), and
6019(A)(1)(a); 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), 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), 6015(M) and (N), 6016(J), 6016.1(O),
6017(D), 6018(G), 6022(K) and (M), 6025(F), 6032(I), 6034(L), 6035(J), 6105(C), 6107(D),
6301(D), and 6351(I) and R.S. 51:1787(L), 2357, 2399.3(C), 2399.7, 2463, and 3121(H))
Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Revenue and Fiscal
Affairs to the original bill
1. Changes the aggregate amount that can be claimed each fiscal year on tax
returns or rebate claim forms for certain tax incentive programs and changes
the submission date from July 1, 2018 to July 1, 2019.
2. Provides that if the total amount of credits applied for in a year exceeds the
amount available the excess will be treated as having been applied for on the
first day of the subsequent year.
3. Adds provisions regarding the motion picture production credit.
4. Removes provisions relative to the industrial tax equalization credit;
exemptions for manufacturing establishments; ad valorem tax paid by certain
telephone companies; angel investor tax credit program; sound recording
investor tax credit; and the Brownfields investor tax credit.
Page 17 of 17
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.