Louisiana has recently enacted a number of new incentive programs for businesses. One incentive, the Corporate Headquarters Relocation Program, provides a rebate of 25 percent of costs related to the relocation of corporate headquarters, according to Bloomberg BNA’s Weekly State Tax Reportarticle.
The relocation costs that are eligible for the rebate include actual, direct, and substantiated costs incurred by a qualified business to relocate a headquarters to Louisiana, including capital expenditures and leasing costs for a facility and equipment, and personnel relocation costs, the article noted.
The District of Columbia, Georgia, Indiana, Kansas, Mississippi, South Carolina, Tennessee, West Virginia, and Wisconsin also offer corporate headquarters relocation tax incentives, according to Bloomberg BNA’s State Tax Portfolios.
Louisiana also enacted the Competitive Projects Payroll Incentive Program, which provides a rebate of up to 15 percent of new payroll for certain businesses. To be eligible for the rebate, the business must be primarily engaged in the manufacturing of durable goods or pharmaceuticals, conversion of natural gas to refined fuels, or data services, according to the Bloomberg BNA's Weekly State Tax Report article.
A third incentive enacted in Louisiana allows certain businesses, with at least 50 percent of total annual sales outside of the state, to apply to use a single sales factor apportionment method in Louisiana, according to Bloomberg BNA’s Weekly State Tax Reportarticle.
In other developments . . .
Iowa enacted two new tax credits – one for the installation of geothermal heat pumps and one for the installation of solar energy systems, according to a recent Bloomberg BNA Weekly State Tax Reportarticle.
Complied By: Kathleen Caggiano
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to email@example.com.
Put me on standing order
Notify me when new releases are available (no standing order will be created)