La. Admin. Code tit. 13 § I-4303

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

Section I-4303 - Eligibility Requirements; Invitation to Participate; Application

A. The secretary may invite a business to participate in the program, upon determining the business meets all of the following criteria:

1. at least 50 percent of the total annual sales of the business from its Louisiana site or sites is to out-of-state customers or buyers, or to in-state customers or buyers who resell the product or service to an out-of-state customer or buyer for ultimate use, or to the federal government, or any combination thereof;

2. the business will primarily engage in one of the following activities at the project site:

a. manufacturing of the following types of durable goods:

i. automobiles, motorcycles or other passenger vehicles, or components thereof;

ii. aircraft or components thereof;

iii. spacecraft or components thereof;

iv. medical devices;

v. batteries or other power storage devices;

vi. motors, engines, turbines or components thereof;

vii. environmental control systems;

viii. household appliances;

ix. computers, computer peripherals or components thereof;

x. communications equipment;

xi. audio or video equipment;

xii. semiconductors;

xiii. consumer-oriented electronic devices or components thereof;

xiv. industrial machinery; or

xv. construction heavy equipment such as excavators ;

b. manufacturing of pharmaceutical products;

c. conversion of natural gas to diesel, jet fuel, or other refined fuels;

d. data storage or data services, provided that at least 75 percent of sales meet the out-of-state sales requirements of this Subsection; or

e. other activities as recommended by the secretary and approved by the Joint Legislative Committee on the Budget; and

f. the business offers or will offer a basic health benefits plan to individuals it employs within 90 days of the effective date of qualifying for the incentive rebates pursuant to R.S. 51:3111;

3. the following types of businesses shall not be eligible for participation in the program:

a. a business engaged in gaming or gambling;

b. a business primarily engaged in natural resource extraction or exploration, unless the project activity is the conversion of natural gas to diesel, jet fuel, or other refined fuels; or

c. a business primarily engaged in retail sales, real estate, professional services, financial services, venture capital funds, shipbuilding, wood products, agriculture, or manufacturing of machinery or equipment primarily intended to serve the energy industry.

B. At the invitation of the secretary, a business may apply for participation in the program by submitting certified statements and substantiating documents as required by LED.

La. Admin. Code tit. 13, § I-4303

Promulgated by the Department of Economic Development, Office of Business Development, LR 38:2736 (November 2012).

AUTHORITY NOTE: Promulgated in accordance with Act 507 of the 2012 Regular Session of the Louisiana Legislature.