Research and Development Tax Credit
Louisiana’s R&D Tax Credit incentivizes in-state businesses to conduct scientific research and innovation by offering up to a 30% tax credit on qualified research expenditures.
Funder: Louisiana Economic Development
Due Dates: Rolling
Funding Amounts: Up to 30% tax credit on qualified research expenditures incurred in Louisiana; no minimum spend required.
Summary: State tax credit to incentivize Louisiana businesses to initiate or expand in-state research and development activities.
Key Information: Only research conducted in Louisiana qualifies; open to businesses with eligible R&D expenses.
Description
The Louisiana Research and Development Tax Credit is a state incentive program designed to encourage businesses to establish or expand research and development (R&D) activities within Louisiana. By providing a tax credit of up to 30% on qualified research expenditures, the program aims to foster innovation, support company growth, and advance Louisiana’s economic and technological landscape. There is no minimum spending requirement, and the credit is available to a wide range of businesses operating in the state.
