Tax Incentives

Business Tax Incentives Programs

A host of incentives are available to Terrebonne Parish businesses. Don’t know which ones may apply to you? Call us 985-873-6890 for an appointment or reach us by email: Cohen Guidry at cguidry@tpeda.org or Katherine Theriot at ktheriot@tpeda.org and we can guide you through the process.

Quality Jobs – provides a cash rebate up to 6% on annual payroll expenses for creation of well-paying jobs for up to 10 years and either a state sales/use tax rebate on capital expenses or a 1.5% project facility expense rebate on qualifying expenses. Read more…

Enterprise Zone – provides Louisiana income and franchise tax credits to a new or expanding business creating new full-time jobs, hiring 50% from one of four targeted groups. Benefits include either a one-time $3,500 or $1,000 tax credit for each net new job created plus either a state sales/use tax rebate on capital expenses or a 1.5% project facility expense rebate on qualifying expenses. Read more…

Industrial Tax Exemption – offers manufacturers up to 80% tax abatement on new manufacturing facilities or equipment. Read more…

Research & Development Tax Credit – providing up to a 30% tax credit on qualified research expenditures incurred in Louisiana — with no cap and no minimum requirement. Read more…

Restoration Tax Abatement – provides up to a 10-year abatement of property taxes (ad valorem) on renovations and improvements of existing commercial structures and owner-occupied residences within downtown development districts, historic districts and opportunity zones. Read more…

Foreign Trade Zone – Creation of a foreign trade zone can allow domestic activity involving foreign items duty-free on items that are re-exported and deferral of duty payment on items sold in U.S. market. Read more…

Angel Investor Tax Credit – offers a 25% tax credit on investments to accredited investors investing in businesses certified by Louisiana Economic Development and an enhanced tax credit of 35 percent on entrepreneurial businesses located in an opportunity zone. Read more…

Louisiana Innovation Retention Grant Program – provides supplementary state support for research-focused Louisiana small businesses that have previously received a federal Small Business Innovation Research/Small Business Technology Transfer grant. Read more…

Digital Interactive Media and Software Tax Credit Program – offers 25% tax credit on qualified in-state payroll and 18% tax credit on qualified production expenditures for application to state income tax liability. Read more…

Motion Picture Production Program – offers up to a 40% tax credit on qualified in-state production expenditures. Read more…

Entertainment Job Creation Program – offers a tax credit on annual W2 wages to approved entertainment companies that create well-paying jobs in Louisiana. Read more…

Music Job Creation Program – offers a tax credit on annual W2 wages to music industry-related companies that create well-paying jobs in Louisiana. Read more…

Sound Recording Incentive Program – provides an 18% tax credit for sound recording projects made in Louisiana. Read more…

Live Performance Production Incentive Program – offers tax credits – from 7% to 18% – for live productions and certified expenditures in Louisiana. Read more…