Ports of Louisiana Tax Credit

The Ports of Louisiana tax credits, including an investor tax credit and an import-export cargo tax credit, to encourage private investment in and the use of state port facilities in Louisiana. It provides a tax credit of 72% of total capital costs of qualified port projects, to be taken at rate of 5% per year against income and franchise tax liabilities. The program caps at $4.5 million per year. It provides a tax credit against income and franchise tax liabilities of $3.60 per ton of qualified cargo over a precertification tonnage level. The 2021 Legislative session extended the sunset of the investor tax credit and the import-export cargo tax credit from July 1, 2021, to July 1, 2025.

Louisiana Economic Development
Website: www.opportunitylouisiana.com