La. Stat. tit. 39 § 16.10

Current with changes from the 2024 legislative session effective on or before 7/1/2024, from Acts 1-3, 6-671

Section 39:16.10 - Duties of the commissioner relative to the incentives database

(1) The commissioner shall establish an incentives database.

(2) The commissioner shall require any state agency that administers an incentive expenditure program to report the information stated in this Section for any incentive expenditure entered into on or after July 1, 2018.

(3) The information shall be provided no later than six months after the effective date of the incentive expenditures and shall be updated as needed no less than every twelve months thereafter. The state agencies that administer the programs shall provide sufficient information to satisfy the requirements of this Subsection.

B. Repealed by Acts 2023, No. 446, §4, see Act.

C. For the incentives database, the administering state agency shall report in each fiscal year the following information:

(1) The name of the recipient of the incentive expenditure.

(2) The corporate domicile of such recipient.

(3) The estimated net new jobs and payroll, if available.

(4) The estimated total capital investment or estimated total Louisiana expenditures, whichever is relevant based upon the incentive expenditure program being reported on.

(5) The annual and total estimated value of the benefits to such recipient.

(6) The official forecast of the incentive expenditure forecast adopted by the Revenue Estimating Conference.

(7) The incentives database shall not include the information that is protected from disclosure pursuant to R.S. 44:3.2(C) and 22.

(8) The actual total capital investment or actual total state expenditures, whichever is relevant based upon the incentive expenditure program being reported on, if available.

(9) The annual and total actual value of the benefits to the recipient, if available.

La. R.S. § 39:16.10

Acts 2018, 2nd Ex. Sess., No. 1, §1, eff. July 1, 2018; Acts 2023, No. 446, §§3, 4, see Act.

Acts 2018, 2nd Ex. Sess., No. 1, §1, eff. 7/1/2018; Acts 2023, No. 446, §§3, 4, see Act.