2023 Regular Session ENROLLED
SENATE BILL NO. 6
BY SENATOR ALLAIN
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
1 AN ACT
2 To amend and reenact R.S. 51:2455(D)(3)(c) and to enact R.S. 51:2455(D)(3)(d) and
3 2456(B)(2) and (3), relative to the Quality Jobs Program; to provide for application
4 due dates; to provide relative to sales and use tax and qualified capital expenditure
5 rebates; to provide for the reduction of the rebates under certain conditions; and to
6 provide for related matters.
7 Be it enacted by the Legislature of Louisiana:
8 Section 1. R.S. 51:2455(D)(3)(c) is hereby amended and reenacted and R.S.
9 51:2455(D)(3)(d) and 2456(B)(2) and (3) are hereby enacted to read as follows:
10 §2455. Quality jobs incentive rebates
11 * * *
12 D.
13 * * *
14 (3) Applications shall be filed no later than twenty-four months after the
15 filing of the advance notification, except as follows:
16 * * *
17 (c) For advance notifications filed on or after July 1, 2023, but before
18 January 1, 2024, applications may be filed at any time within, but no later than,
19 thirty-six months of the filing of the advance notification.
20 (d) Upon request, the business shall receive a thirty-day extension of time in
21 which to file its application, provided the request for extension is received by the
22 Department of Economic Development no later than the filing deadline.
23 * * *
24 §2456. Rebate; payments
25 * * *
26 B. * * *
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 6 ENROLLED
1 (2) Notwithstanding any provision of Paragraph (1) of this Subsection,
2 R.S. 51:2457, or any other law to the contrary, for contracts with advance
3 notifications filed after December 31, 2023, the sales and use tax rebates and the
4 project facility expense rebate authorized by this Chapter shall be reduced as
5 follows:
6 (a) If the corporation franchise tax rate is reduced pursuant to R.S.
7 47:601.2, the amount of the rebates shall be reduced by one-half of the
8 percentage by which the franchise tax rate is reduced beginning in the year in
9 which the rate reduction is first applicable.
10 (b) If the corporation franchise tax rate is reduced pursuant to an act of
11 the legislature, the amount of the rebates shall be reduced by one-half of the
12 percentage by which the franchise tax rate is reduced beginning in the year in
13 which the rate reduction is first applicable.
14 (c) If the corporation franchise tax is repealed, the rebates shall be
15 reduced by fifty percent.
16 (3) The amount of an employer's sales and use tax rebate or project
17 facility expense rebate for a contract or its renewal under this Chapter shall be
18 set at the percentage rebate in effect at the time of the filing of the advance
19 notification.
20 Section 2. This Act shall become effective on January 1, 2024; if vetoed by the
21 governor and subsequently approved by the legislature, this Act shall become effective on
22 the day following such approval by the legislature or January 1, 2024, whichever is later.
PRESIDENT OF THE SENATE
SPEAKER OF THE HOUSE OF REPRESENTATIVES
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED:
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.