RÉSUMÉ DIGEST
ACT 249 (SB 12) 2022 Regular Session Reese
Existing 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.
Existing 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.
Prior law provided that no new contracts could be executed under the program on or after
July 1, 2022, although existing contracts will continue to be honored and contract extensions
could be granted for existing contracts.
New law extends the date for which new contracts may be executed to July 1, 2026.
Effective June 3, 2022.
(Amends R.S. 51:3121(C)(3)(a))