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))