La. Admin. Code tit. 13 § I-3925

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

Section I-3925 - Preliminary Certification

A. LED shall review the application and determine:

1. eligibility of the applicant;

2. certified tonnage; and

3. the estimated significant positive economic benefit of the cargo shipment, taking into consideration:

a. the nature of the cargo as either containerized or breakbulk;

b. transit of the cargo across the docks of a Louisiana public port;

c. the origination and terminus of the cargo from or to a Louisiana or international location;

d. the impact of the cargo shipment in promoting port and harbor activity;

e. the impact of the cargo shipment on the employment of Louisiana residents;

f. the impact of the cargo shipment on the overall economy of the state.

B. If LED determines that the applicant is eligible, LED shall issue a preliminary certification of the certified tonnage, the maximum amount of tax credits that could be issued (no more than $5 per ton of certified tonnage), a recommended finding as to significant positive economic benefit and, if less than the maximum, the recommended amount of tax credits warranted by the estimated significant positive economic benefit.

C. LED shall send the preliminary certification and economic analysis to the COA.

La. Admin. Code tit. 13, § I-3925

Promulgated by the Department of Economic Development, Office of the Secretary, LR 402239 (11/1/2014).

AUTHORITY NOTE: Promulgated in accordance with R.S. 47:6036.