RÉSUMÉ DIGEST
ACT 13 (SB 4) 2020 First Extraordinary Session Foil
Prior law authorized 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 was also available for taxpayers who employ fewer than 50
employees if the employer meets certain eligibility requirements.
Prior law authorized 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%
Prior law prohibited 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.
New law extends the sunset of the program from Dec. 31, 2021 to Dec. 31, 2025. Otherwise
retains prior law.
Effective January 1, 2021.
(Amends R.S. 47:6015(J))