La. Admin. Code tit. 13 § I-1711

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

Section I-1711 - Requirements for Exemption

A. The secretary of Economic Development, the Board of Commerce and Industry, the governor and the Joint Legislative Committee of the Budget may consider any and all factors which are relevant to the continued operations of the applicant. These should include, but not be limited, to the following:

1. the benefits to the state in terms of continued employment opportunities, payroll, expenditures for goods and services, contributions to the revenue base of the state and local governments and the creation of new and additional permanent jobs in conjunction with the considerations set forth in §1701 of these rules;

2. competitive conditions existing in other states or in foreign nations including the effect, if any, of United States and foreign trade policies, federal laws and regulations, and the competitive effect of like or similar policies upon related businesses;

3. the economic viability of the applicant and the effect of any tax exemption on maintaining or increasing capital investment, employment levels economic viability as reflected in the business plan of the applicant and the manner in which it addresses future competitive contingencies and other conditions pertinent to the prospects for maintaining or increasing investment capacity and job growth;

4. the applicant's history of compliance with Louisiana and federal environmental, tax, fair trade, civil rights and other laws in its operations.

La. Admin. Code tit. 13, § I-1711

Promulgated by the Department of Commerce, Office of Commerce and Industry, Finance Division, LR 11:944 (October 1985), amended by the Department of Economic Development, Office of Business Development Services, LR 37:3498 (December 2011).

AUTHORITY NOTE: Promulgated in accordance with Act 403 of 2005 amending R.S. 47:4301-4306.