Taxes and Incentives
The state of Louisiana has a competitive package of incentives for new and existing businesses including infrastructure grants, tax rebates, and tax credit programs developed to assist in the recovery and growth after the 2005 hurricanes. 

 
Local and State Taxes
Sales Tax Rate  
Local Sales Tax  Range: 8% - 9% (including Louisiana 4%)
State Sales Tax 4%
Real Property (per $1000 of assessed value)

Only local and parish governments levy property taxes in Louisiana. There is no state tax.
Assessors are required by law to assess on improvements of industrial property at 15% of fair market value. (Land at 10%)
Private residences are assessed at 10% of fair market value. There is no property tax on the first $75,000.
Livingston Parish Property Taxes Parish wide: 91.36 - 196.00
Municipal: 94.25 - 160.72
Source: Livingston Parish Tax Assessor: Louisiana Department of Revenue, 2006 
Local Incentives
The cities within Livingston Parish usually provide Louisiana allowed local incentives to companies that qualify based on job and investment levels. Incentives to businesses locating or expanding to the area could include property and sales tax exemptions and/or rebates for up to 10 or more years. Each community in the parish has a set policy for extending business incentives. 
State Incentives
Special Federal Incentives 
Gulf Opportunity Zone -  Enhanced Section 179 expensing for small businesses 
-  Fifty percent bonus depreciation for expansion or new building construction
-  Increase in the Rehabilitation Tax Credit to help restore commercial buildings 
-  Employer-provided housing incentives 
-  Expansion and extension of the Employee Retention Tax Credit 
-  Extension of the net operating loss carryback period 
-  Reduction of demolition and cleanup costs
Community Development Block Grants - Grants to expanding and new companies for infrastructure projects in areas affected by the 2005 hurricanes.
State of Louisiana 
Quality Jobs Program Annual refundable credit up to 6% of payroll for a period of up to 10 years.
Industrial Property Tax Exemption Exempts new manufacturers & expansions from state, parish and local property taxes for up to 10 years. 
Sales and Use Tax Exemption Louisiana businesses receive an exemption of the 4 percent state sales, use, lease and rental tax on eligible machinery & equipment purchased in the state. The tax will be gradually phased out through 2010.
Enterprise Zone Tax credits & rebates for hiring workers within a designated zone. 
Inventory Tax Credit 100% income tax credit on inventory taxes paid.
Research & Development Tax Credit Program Income/franchise tax credits up to 8% of R & D expenditures.
Film and Video Production Tax Credit Allows tax credits on percentage of production costs associated with motion picture production companies producing nationally distributed movies, videos, commercials, television series, etc.
Research & Development Tax Credit Program Sellable income/franchise tax credits up to 20% of R & D expenditures.
Click here to download a copy of our brochure on Louisiana incentives and financing programs.

 
1810 South Range Ave, Denham Springs, LA 70726   PH:  (225)665-5223  FAX:  (225)665-8171