SLS 201ES-21 ORIGINAL
2020 First Extraordinary Session
SENATE BILL NO. 4
BY SENATOR FOIL
TAX/FRANCHISE/CORPORATE. Extends the sunset of the research and development tax
credit. (Item #19) (1/1/21)
1 AN ACT
2 To amend and reenact R.S. 47:6015(J), relative to the research and development tax credit;
3 to extend the duration for eligibility for the tax credit; to provide for an effective
4 date; and to provide for related matters.
5 Be it enacted by the Legislature of Louisiana:
6 Section 1. R.S. 47:6015(J) is hereby amended and reenacted to read as follows:
7 ยง6015. Research and development tax credit
8 * * *
9 J. No credit shall be allowed pursuant to this Section for research
10 expenditures incurred, Small Business Technology Transfer Program funds received,
11 or Small Business Innovation Research Grant funds received after December 31,
12 2021 2025.
13 * * *
14 Section 2. This Act shall become effective on January 1, 2021.
Page 1 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 4
SLS 201ES-21 ORIGINAL
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Leonore Heavey.
DIGEST
SB 4 Original 2020 First Extraordinary Session Foil
Present law authorizes an income and corporation franchise tax credit for certain taxpayers
who employ 50 or more persons and claim a federal income tax credit for increasing
research activities. This tax credit is also available for taxpayers who employ fewer than 50
employees if the employer meets certain eligibility requirements.
Present law authorizes the following credits as a percentage of increased research expenses
for a taxpayer who employs the following number of employees:
Number of EmployeesTax Credit
100 or more 5%
50-99 10%
fewer than 50 30%
Present law prohibits the payment of credits for research expenditures incurred, Small
Business Technology Transfer Program funds received, or Small Business Innovation
Research Grant funds received after Dec. 31, 2021.
Proposed law extends the sunset of the program from Dec. 31, 2021 to Dec. 31, 2025.
Effective January 1, 2021.
(Amends R.S. 47:6015(J))
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.