La. Admin. Code tit. 13 § I-3931

Current through Register Vol. 50, No. 11, November 20, 2024

Section I-3931 - Tax Credit Limitations

A. Tax credits shall be issued on a first come, first served basis, based upon the date of final certification.

B. No applicant shall receive a final certification of tax credits under this program in an amount greater than $1,800,000 for certified cargo in any calendar year.

C. LED shall not issue final certification of tax credits under this program in a total amount for all applicants greater than $4,500,000 in any single fiscal year.

D. Applications exceeding the limitations provided in this Section will be deemed reduced to the applicable limits.

La. Admin. Code tit. 13, § I-3931

Promulgated by the Department of Economic Development, Office of the Secretary, LR 402240 (11/1/2014), Amended LR 48403 (3/1/2022).

AUTHORITY NOTE: Promulgated in accordance with R.S. 47:6036.