The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Leonore Heavey.
DIGEST
SB 230 Original 2019 Regular Session Claitor
Proposed law provides an incentive for manufacturers to reduce their reliance on water from the
state's fresh water aquifers in the form of a tax credit for the purchase price of equipment necessary
to reduce potable water use or to purify nonpotable water.
Proposed law provides that the credits may be used to offset income or corporation franchise taxes
for the year in which the eligible equipment is placed in service and that any unused credit may be
carried forward for up to five years.
Proposed law limits the credit to $10 million per manufacturing facility for all tax years.
Proposed law applies to purchases of qualifying equipment made on or after Jan. 1, 2020.
Proposed law provides that the Dept. of Environmental Quality will certify the water purification or
water use reduction equipment and its installation and certify the equipment and installation to the
Dept. of Revenue.
Proposed law authorizes the Dept. of Environmental Quality in consultation with the Dept. of
Revenue to promulgate rules establishing technical specifications of qualifying equipment.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Adds R.S. 47:6039)