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.

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

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

• R&D Facts Package
• R&D Tax Credit Final Rules
• R&D Tax Benefits
• R&D Tax Credit Application
• Sample Calculation of Benefits

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