The R&D tax credit encourages Louisiana businesses to invest in and increase their existing levels of R&D by offering tax credits against state income and corporation franchise taxes.
The amount of the tax credit will vary based on increased R&D activities. Tax credits in excess of a company’s tax liability can be sold to taxpayers with a Louisiana income or corporate franchise tax liability provided certain criteria are met. Unused tax credits may be carried forward for up to 10 years.
Churchill Technology & Business Park | 700 Churchill Parkway | Avondale, Louisiana 70094 | Email Us | 504-875-3908
