La. Admin. Code tit. 13 § I-2719

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

Section I-2719 - Applicability of Act 125 of the 2015 Legislative Session to the Technology Commercialization Credit and Jobs Program

A. Pursuant to Act 125 of the 2015 Regular Session of the Louisiana Legislature, applications approved on or after July 1, 2015, are subject to the following reductions from July 1, 2015, through June 30, 2018:

1. technology commercialization credits-28.8 percent of the amount of the investment;

2. technology jobs credits-4.32 percent of payroll for new direct jobs.

B. Applications approved prior to July 1, 2015, are not affected by Act 125.

La. Admin. Code tit. 13, § I-2719

Promulgated by the Department of Economic Development, Office of Business Development, LR 42224 (2/1/2016).

AUTHORITY NOTE: Promulgated in accordance with R.S. 51:2353 and RS. 51:936.2.