Research and Development Tax Credit
Louisiana Economic Development’s Research and Development Tax Credit encourages in-state scientific and technological research by offsetting qualified R&D expenses for businesses.
Funder: Louisiana Economic Development
Due Dates: December 31, 2026 (tax year 2025 applications deadline; due one year from the date of the expense)
Funding Amounts: Up to 30% state tax credit on qualified research expenditures in Louisiana; $12 million annual program cap; no minimum spending requirement.
Summary: State tax credit to incentivize Louisiana businesses to conduct or expand R&D activities by reducing associated state tax costs.
Key Information: Credits are awarded first-come, first-served; all FY 2025–2026 credits are fully issued—next allocation opens July 1, 2026.
Description
The Louisiana Research and Development (R&D) Tax Credit, administered by Louisiana Economic Development (LED), is designed to encourage businesses operating in Louisiana to establish or expand research and development activities within the state. By providing a substantial state tax credit on qualifying R&D expenditures, the program aims to lower the financial barriers for companies investing in innovation, technology, and product development.
