SLS 22RS-31 ORIGINAL
2022 Regular Session
SENATE BILL NO. 12
BY SENATOR REESE
TAX/TAXATION. Provides for an extension of the Competitive Projects Payroll Incentive
Program. (gov sig)
1 AN ACT
2 To amend and reenact R.S. 51:3121(C)(3)(a), relative to the Competitive Projects Payroll
3 Incentive Program; to extend the termination date of the program; and to provide for
4 related matters.
5 Be it enacted by the Legislature of Louisiana:
6 Section 1. R.S. 51:3121(C)(3)(a) is hereby amended to read as follows:
7 ยง3121. Competitive Projects Payroll Incentive Program
8 * * *
9 C. * * *
10 (3)(a)(i) Upon the approval by the Joint Legislative Committee on the Budget
11 of participation in the program by the business, the secretary shall execute the
12 contract with the business, and provide a copy to the Department of Revenue prior
13 to the payment of any benefits under the contract.
14 (ii) No new contract shall be approved on or after July 1, 2022 2026, but
15 contracts existing on that date may continue and may be renewed.
16 * * *
17 Section 2. This Act shall become effective upon signature by the governor or, if not
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. 12
SLS 22RS-31 ORIGINAL
1 signed by the governor, upon expiration of the time for bills to become law without signature
2 by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
3 vetoed by the governor and subsequently approved by the legislature, this Act shall become
4 effective on the day following such approval.
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Leonore Heavey.
DIGEST
SB 12 Original 2022 Regular Session Reese
Present law provides for the Competitive Projects Payroll Incentive Program, which provides
payroll and capital expenditure rebates for qualifying businesses invited by the secretary of
economic development to participate in the program.
Present law provides for eligibility requirements for businesses to participate in the program
including the creation of net new jobs in the state, health benefits for employees, significant
out-of-state sales, and significant positive economic benefit to the state.
Present law provides that no new contracts can be executed under the program on or after
July 1, 2022, although existing contracts will continue to be honored and contract extensions
may be granted for existing contracts.
Proposed law extends the date for which new contracts may be executed to July 1, 2026.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Amends R.S. 51:3121(C)(3)(a))
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.