Overview
The Research and Development Tax Credit encourages existing
businesses with operating facilities in Louisiana to establish or
continue research and development activities within the state.
Benefits
Louisiana taxpayers who incur research and development expenses
may be able to receive credits against state income and corporate
franchise taxes.
- Taxpayers who employee fewer than 50 Louisiana residents can
receive a credit up to 40% of the apportioned amount of their
expenditures.
- Taxpayers who receive certain federal grants can receive a
credit up to 40% of the receipts received.
- Taxpayers who claim the federal income tax credit for research
activities can receive a credit up to 20% of their apportioned
increase in research activities or 25% of their apportioned federal
credit, depending on the number of Louisiana resident
employees.
Eligibility
Must encourage efforts to conduct research and development
activities in Louisiana.
Must have incurred R&D expenses with less than 50 Louisiana
resident employees
Must have received either grant(s) for Small Business Innovation
Research (SBIR) and/or Small Business Technology Transfer
(STTR)
AND/OR
Must have claimed a federal credit under 26 USC section 41(a)
using IRS Form 6765
For comprehensive rules and details on eligibility, please
review Related Content below and contact the
appropriate administrator.
How to Apply
Complete the Research and Development Tax Credit Application and
Application for Sale of Research and Development Tax Credit,
located in the Related Content section. Then
mail, fax or email the forms to Louisiana Economic Development.
Related Content
Administration
This program is administered by Louisiana Economic
Development.
For information regarding the Research & Development Tax
Credit, contact the program administrator:
Shamelda Pete
225.342.5341
Shamelda.Pete@LA.GOV
