La. Admin. Code tit. 13 § I-1133

Current through Register Vol. 50, No. 11, November 20, 2024

Section I-1133 - Applicability of Act 126 of the 2015 Legislative Session to the Quality Jobs Program

A. Pursuant to Act 126 of the 2015 Regular Session of the Louisiana Legislature:

1. for projects filing an advance notification on or after July 1, 2015, from July 1, 2015, through June 30, 2018, annual payroll rebates will be approved for payment at a rate of 5 percent or 6 percent (as applicable) multiplied by 80 percent of payroll. Payroll rebates approved on and after July 1, 2018, will be calculated on 100 percent of payroll. However, annual payroll rebates claims that are due before July 1, 2018, but not timely filed are subject to reduction in the discretion of the Board of Commerce and Industry;

2. projects filing advance notification before July 1, 2015, are not affected by Act 126, and payroll rebates will be calculated on 100 percent of payroll irrespective of date of approval for payment.

La. Admin. Code tit. 13, § I-1133

Promulgated by the Department of Economic Development, Office of Business Development, LR 42866 (6/1/2016).

AUTHORITY NOTE: Promulgated in accordance with R.S. 51:2451-2462 et seq.