New Orleans, Louisiana Tax Advantages & Incentives
The State of Louisiana offers some of the most aggressive business attraction, retention and expansion incentives in the nation. Headlining the array of incentives is the Digital Media and Software Incentive, which provides a 35 percent tax credit on software development labor expenditures and a 25 percent tax credit on production expenditures. The program runs up to ten years (renewable after five years for an additional five) has no caps, no minimums and no sunset.
The City of New Orleans, along with the Industrial Development Board, also has the ability to provide incentives for specific projects. The City of New Orleans is empowered to offer Restoration Tax Abatements or other discretionary incentives for qualifying projects, and the Industrial Development Board may offer a Payment in Lieu of Taxes (PILOT).
The New Orleans Business Alliance provides third-party financial analysis for projects seeking public support and can assist developers in seeking appropriate local and state-level incentive programs. Please contact Abhay Patel for more information.
Louisiana offers low taxes and a competitive business climate. According to an analysis by the Tax Foundation and KPMG, Louisiana ranks as having the lowest tax burden for new capital-intensive and new labor-intensive manufacturing operations in the United States.
Locating in Louisiana offers cost-cutting opportunities with our low utility rates. From 2011-2013, Louisiana electricity rates were approximately 19 percent below the national average. Industrial gas during the same period were also below the national average, at approximately 18 percent, and the lowest in the southern United States.