Provision for Green Jobs Tax Credit

Pending available funding, the Louisiana Department of Economic Development will offer a corporate or income tax credit for qualified capital infrastructure projects in Louisiana that are directly related to industries including, but not limited to, the advanced drivetrain vehicle and biofuels industries. The tax credit is for 7% to 18% of the project costs, calculated based on the investment costs, up to $1,000,000 per state-certified green project. The portion of the base investment expended on payroll for Louisiana residents employed in connection with the construction of the project may be eligible for an additional 7.2% tax credit on the payroll. Annual credits caps apply and credits will be distributed on a first-come, first-served basis to eligible recipients. Restrictions may apply.

The program was repealed effective January 1, 2025, and no new advance notifications or applications were accepted after June 30, 2025. However, employers that were approved by the department to receive incentives under the program on or before June 30, 2025, may continue to receive incentives pursuant to the terms of their existing agreements as long as they retain eligibility.

(Reference Louisiana Revised Statutes 47:6037 and Louisiana Acts 2024, 3rd Ex. Sess., Act No. 5, §3)