La. Admin. Code tit. 13 § I-3921
Applicant-the international business entity submitting application for certification of tax credits.
Application-information provided by the applicant that is required to participate in the import-export tax credit program that has been verified by an independent certified public accountant or other third party approved by Louisiana Economic Development, which shall be filed annually for the prior calendar years qualified cargo.
Application Date-the date an application for preliminary certification of a project is received by LED.
Baseline Tonnage-any breakbulk or containerized machinery, equipment, materials, products, or commodities owned by an international business entity receiving the credit, which are imported or exported to or from a Louisiana facility and which are so moved by way of an oceangoing vessel berthed at a Louisiana public port facility during the 2013 calendar year
Breakbulk Cargo-machinery, equipment, materials, products, or commodities, including but not limited to palletized or unpalletized bagged, packaged, wrapped, drummed, baled, or crated goods and commodities, or offshore drilling platforms and equipment, and shall not include bulk cargo.
Bulk Cargo-loose, unpackaged, non-containerized cargo or any liquid or dry commodities that are handled in bulk.
Certified Tonnage-the number of tons of qualified cargo in a calendar year minus the number of tons of baseline tonnage.
COA-the commissioner of administration of the state of Louisiana.
Containerized Cargo-any machinery, equipment, materials, products, or commodities shipped in containers which are rigid, sealed, reusable metal boxes in which merchandise is shipped by vessel, truck, or rail.
DOTD-the Louisiana Department of Transportation and Development.
Export Cargo-any breakbulk or containerized cargo brought from the state of Louisiana to a foreign country, excluding bulk cargo.
Import Cargo-any breakbulk or containerized cargo brought to the state of Louisiana from a foreign country, excluding bulk cargo.
International Business Entity-a taxpayer corporation, partnership, limited liability company, or other commercial entity, all or a portion of whose activities involve the import or export of breakbulk or containerized cargo to or from a Louisiana facility.
JLCB-the Joint Legislative Committee on the Budget.
LED-the Louisiana Department of Economic Development.
LDR-the Louisiana Department of Revenue.
Louisiana Expenditures-shipping costs incurred in the transporting, warehousing, storing, and blast freezing of qualified cargo between the Louisiana facility and the cargos point of entry to or exit from the state.
Louisiana Facility-manufacturing, fabrication, assembly, distribution, processing, or warehousing facilities located within Louisiana.
Oceangoing Vessel-any vessel, ship, barge, or watercraft that floats, including offshore oil exploration platforms.
Public Port-any deep-water port commission or port, harbor and terminal district as defined in article VI, section 44 of the Constitution of Louisiana, and any other port, harbor, and terminal district established under title 34 of the Louisiana Revised Statutesof 1950.
Qualified Cargo-any breakbulk or containerized machinery, equipment, materials, products, or commodities owned by an international business entity, that are imported or exported to or from a Louisiana facility by means of an oceangoing vessel berthed at a public port facility.
Significant Positive Economic Benefit-net positive tax revenue that shall be determined by taking into account direct, indirect, and induced impacts of the project based on a standard economic impact methodology utilized by the COA, and the value of the credit, and any other state tax and financial incentives that are used by LED to secure the project or activity.
State-the stateof Louisiana.
SBC-the Louisiana State Bond Commission.
Ton-a net tonof 2000 pounds and in the case of containerized cargo it shall exclude the weight of the container
Verified Statement-information required by Section 3923 D, verified by the applicants chief executive officer or most senior officer responsible for shipping and distribution.
La. Admin. Code tit. 13, § I-3921