2011 Louisiana Laws
Revised Statutes
TITLE 51 — Trade and commerce
RS 51:2203 — Private sector investment; tax credit incentive
§2203. Private sector investment; tax credit incentive
A. A credit may be claimed by any person, either natural or artificial, against the person's Louisiana income tax in the year in which the Board of Regents certifies to the Department of Revenue that the person is qualified for the credit and in every year thereafter to the full income tax liability of the person until the credit is exhausted.
B. The credit shall be calculated by the department as thirty-five percent of the person's cash donation to the Dedicated Research Investment Fund, if the initial donation at the time of seeking certification or within one year thereafter is two hundred thousand dollars or more.
Acts 1987, No. 300, §1.
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