Summary
80% abatement of ad valorem property tax for industrial projects, up to 10 years, contingent on job creation and local approval.
Benefit
- Percentage
- —
- Flat
- —
- Duration
- 10 years
- Max annual
- — (taxpayer)
- Max total
- — (taxpayer)
- Carryforward
- —
Program metadata
- Distribution
- taxpayer_earned
- Claimant subject
- business
- Refund/transfer election
- none
- Program family
- —
- Effective
- —
- Sunset
- —
- Application deadline
- —
- Transfer discount
- —
Hard requirements (2)
- min_new_jobsMust create at least 5 new permanent jobs (pre-2024 requirement; removed effective 2024)
- local_approval_requiredRequires approval from parish government, school board, sheriff, and municipalities (post-2016 reform)
Preference / tiering rules (0)
None.
NAICS industries (0)
Any.
Geo zones (1)
- statewide — · Louisiana industrial sites (statewide application, local approval required)
Tags (4)
- requires_application: true
- requires_local_approval: true
- local_approval_bodies: parish,school_board,sheriff,municipality
- stacks_with: QJ,RDC,EZ
Tax bases
- property_tax_localprimary