Overview

The Industrial Tax Exemption (ITE) Program provides property tax abatement for up to 10 years on a manufacturer's new investment and annual capitalized additions. This exemption applies to all improvements to the land, buildings, machinery, equipment and any other property that is part of the manufacturing process.

Benefits

Review a sample calculation of benefits in the Related Content section to see how this incentive could apply to your business.

Eligibility

Available exclusively to manufacturers.

Available to manufacturers new to the state, as well as new investments and miscellaneous capital additions to existing facilities in Louisiana.

In order to qualify for ITE, tax exempt property must remain on the plant site at all times.

The land itself is not eligible for tax exemption, nor are assets that have had property taxes paid on them - whether by current owner or previous owners - unless there are improvements to a building; then the improvements alone can be exempted.

For comprehensive rules and details on eligibility, please review Related Content below and contact the appropriate administrator.

How to Apply

A manufacturer must submit an Advance Notification form if an individual project is to be greater than $5 million, or if the business is also applying for another incentive, e.g., Enterprise Zone or Quality Jobs, for the same project. The Advance Notification form must be filed prior to purchasing materials or prior to the beginning of construction.

A manufacturer may submit an application with an accumulation of Miscellaneous Capital Additions (MCA) for a compilation of small capitalized expenditures (projects) which are completed by the end of a calendar year and not greater than $5 million per application. More than one MCA application may be submitted per year.

Contracts may be granted for a maximum of 5 years. An option to renew the exemption for an additional 5 years is available. Note: An exemption cannot be granted for more than a total of ten years on any investment.

For further details on application requirements, review the Fact Sheet in Related Content.

The following forms can be completed then mailed with the appropriate fee to LED, Business Incentive Services, P.O. Box 94185, Baton Rouge, LA 70804-9185.

Related Content

• Facts Sheet
• ITE Rules
• ITE Timeline & Fees
• ITE Obsolete Equipment FAQ
• 2009 Millage Rates for the Industrial Tax Exemption Program
• 2010 Millage Rates for the Industrial Tax Exemption Program
• Sample Calculation of Benefits

Application Forms
Forms with an asterisk (*) may also be filled out online through Fastlane.

• ITE Application Form*
• ITE Disclosure Authorization Form
• ITE Annual Report Form
• ITE Breakdown of Purchases Form
• ITE Affidavit of Final Cost Form*
• ITE Project Completion Report Form*

Amendments to Current Contracts

• ITE Amendment to Contract Form (Change in name only)
• ITE Amendment to Contract Form (Change in location only)
• ITE Transfer of Tax Exemption Form

Administration

This program is administered by Louisiana Economic Development through the Board of Commerce & Industry.

For information regarding the Industrial Tax Exemption Program, contact the program administrator:

Lori Weber
225.342.6442
weber@la.gov

Shamelda Pete
225.342.5341
shamelda.pete@la.gov