La. Admin. Code tit. 13 § I-1717
Current through Register Vol. 50, No. 3, March 20, 2024
Section I-1717 - Limits to Amount of Tax ExemptionA. The total amount of tax exemptions that can be granted to any single applicant shall be reasonably proportionate to the amount that shall be granted to other applicants based upon each applicant's total number of employees in Louisiana and amount of capital investment in Louisiana, provided that the wages for each job must equal or exceed the average wage paid in the parish or parishes of business operation of the applicant. Exceptions may be made if the department determines and recommends to the Board of Commerce and Industry that an additional amount of exemption will materially improve the viability and stability of the applicant's operation in Louisiana as measured by jobs created or retained and capital investment in Louisiana.La. Admin. Code tit. 13, § I-1717
Promulgated by the Department of Commerce, Office of Commerce and Industry, Finance Division, LR 11:945 (October 1985), amended by the Department of Economic Development, Office of Business Development Services, LR 37:3499 (December 2011).AUTHORITY NOTE: Promulgated in accordance with Act 403 of 2005 amending R.S. 47:4301-4306.