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
Companies claiming federal income tax credit for research
activities will now be able to claim against state income and
corporation franchise taxes. The program provides a tax credit for
up to 8% of the state's apportioned share of increased research and
development expenses or 25% of its apportioned share of federal
research.
Eligibility
Must encourage efforts to conduct research and development
activities in Louisiana.
Must have received grant(s) for Small Business Innovation
Research (SBIR) and/or Small Business Technology Transfer (STTR)
and/or claimed credit under 26 USC section 41(a).
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:
Susan Bigner
225.342.5651
bigner@la.gov
