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INCENTIVE DESCRIPTION
| State: | LA |
| Incentive Type: | Property Tax Incentives |
| Incentive Title: | Property Tax Abatements |
| Description: | 1. INDUSTRIAL PROPERTY TAX EXEMPTION: This exemption is for new manufacturers up to a ten year period. Applies to buildings, and machinery and equipment. This exemption is discretionary. 2. RESTORATION TAX ABATEMENT: Provides a five year deferred assessment of the ad valorem property taxes assessed on renovations and improvements on existing structures in qualifying districts. May be renewed for a second five years. |
| Eligibility Requirements: | 1. Must be a manufacturer, must file advanced notification if the project is greater than $5 million. 2. Designated districts only: Downtown Development Districts, Economic Development Districts, or Historic Districts. An Advance Notification Form must be filed with the State. |
| Geographic Restrictions: | Statewide |
| Granting Authority: | State of Louisiana |
| The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com |
Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives. |
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