La. Admin. Code tit. 13 § I-2913

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

Section I-2913 - Ineligible Businesses

A. For tax years beginning on or after January 1, 2013, the following types of businesses will be ineligible to participate in the program, unless specifically invited by the secretary of LED to:

1. professional services firms that do not have a pending or issued United States patent related to the qualified research expenditures claimed; and

2. businesses primarily engaged in custom manufacturing or custom fabricating that do not have a pending or issued United States patent related to the qualified research expenditures claimed.

B. Only expenditures directly related to the business component for which a professional services firm or business primarily engaged in custom manufacturing or custom fabricating has a pending or issued patent will be eligible for research and development credits.

La. Admin. Code tit. 13, § I-2913

Promulgated by the Department of Economic Development, Office of Business Development, LR 40:52 (January 2014), amended LR 40:1527 (August 2014), Amended by the Department of Economic Development, Office of the Secretary, LR 45221 (2/1/2019).

AUTHORITY NOTE: Promulgated in accordance with R.S. 47:6015.