Industrial Tax Exemption
Louisiana's Industrial Tax Exemption Program offers major property tax relief to manufacturers investing in new or expanded facilities, supporting industrial growth and innovation.
Funder: Louisiana Economic Development
Due Dates: Rolling
Funding Amounts: 80% property tax abatement for up to 10 years on qualifying new manufacturing investments; higher rates (up to 93–100%) possible for mega-projects ($500M+).
Summary: Provides substantial property tax relief to manufacturers making new capital investments in Louisiana, encouraging industrial growth and expansion.
Description
The Industrial Tax Exemption Program (ITEP) is a major incentive offered by Louisiana Economic Development to attract new manufacturing investments and encourage expansion of existing manufacturing facilities within the state. The program provides an 80% abatement of local property taxes for up to 10 years on eligible new manufacturing property, significantly reducing the tax burden for manufacturers and supporting industrial growth. For very large “mega-projects” (minimum $500 million in capital expenditures), the exemption rate may be increased to up to 93–100%.
