Louisiana R&D Tax Credit Summary

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).