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Business Incentives ServicesPrograms

Research & Development Tax CreditsTechnology Commercialization Credit

& Jobs Program

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Research & Development Tax Credit Program

(R&D)

Louisiana Taxpayer with R&D Louisiana expenses and:– Claimed R&D expenses by filing IRS Form 6765

on annual tax return,

– Incurred R&D expenses and employed fewer than 50 LA residents, or

– Received funds for SBIR or STTR grants during the year.

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R&D Application Process

Submit– Application form and $250 fee– List of Qualified Research Expenses incurred– Copy of tax return, including form 6765– Copy of SBIR/STTR grant & awards received

during the year

The tax credit may be used on LA income and corporation franchise taxes.

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R&DBenefits

– No need to amend past LA tax returns– Can certify credits for tax years 2003

through current year– Tax credits awarded for 2003-2008 are

non-refundable and transferrable– Tax credits for the 2009 tax year will be

refundable

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R&D

Any questions?

Susan BignerSusan.Bigner@la.gov

225.342.5651

Shamelda PeteShamelda.Pete@la.gov

225.342.5341

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Technology Commercialization Credit & Jobs Program

(Tech Commercialization)

Louisiana Taxpayer who:– invest in the commercialization of Louisiana

technology in association with a Louisiana accredited school, college, or university

– additional tax credit based on new jobs created

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Tech Commercialization Application Process

Eligibility must be established by submitting:– Eligibility application and copy of agreement

with accredited schoolAfter eligibility established, must submit:– Credit application with a $250 fee per year– List of commercialization costs– List of new jobs created

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Tech Commercialization

Commercialization Costs consist of:– Machinery & Equipment– Fees such as copyrights, patents, and

licenses– Payments to accredited schools for

research agreements– Payments to third-party Louisiana

research or clinical trial companies

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Tech CommercializationBenefits

– Tax credits are refundable– May be used against LA income and

corporation franchise taxes.– Tax credit of 40% of commercialization

costs – Limited to $250,000 investment per

technology– Tax credit of 6% of gross payroll – Must create a minimum of 5 new jobs

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Tech Commercialization

Any questions?

Susan BignerSusan.Bigner@la.gov

225.342.5651