R&D Tax Credit Available:
Yes
Eligible Entities:
C-Corporation, S-Corporations, LLCs, Partnerships
Deadline for Tax Filing:
Due with Louisiana Tax Return
Data Required to Compute Credit:
- Claim Period Federal Qualified R&D Expenses (QREs)
- Claim Period Louisiana QREs
- Louisiana QREs for Prior 3 Years
- # of LA Employees
Credit Carryforward:
5 Years
R&D Credit Summary:
For less than 50 LA Employees (LQRE):
- 40% of Louisiana Qualified Research Expenses
For 50+ LA Employees:
- Base amount is 70% of the average prior three years LA QREs
- 20% of the excess of the LA QREs over the base amount (For companies with 50-99 LA Employees)
- 8% of the excess of the LA QREs over the base amount (For companies with 100+ LA Employees)
Special Notes:
- A company must claim the LA R&D credit within one year after December 31 in which the expenditures was incurred.
- Prior to claiming the LA R&D Tax Credit, a company must apply for and obtain a credit certification from the Louisiana Economic Development (LED).
Research Tax Credit
Important Links and Forms
LED
LA Tax Credit Application
LA Statutes
LA Rules & Regulations
LA R&D Credit Agreed Upon Procedures