JEDCO Economic Development Services
700 Churchill Parkway
Avondale, LA 70094
Phone: (504) 875-3908
Fax: (504) 875-3923
The Industrial Property Tax Exemption abates, up to ten years, local property taxes (ad valorem) on a manufacturer’s new investment and annual capitalized additions.
This exemption applies to all improvements to the land, buildings, machinery, equipment and any other property that is part of the manufacturing process. The land itself is not eligible for tax exemption.
NOTE: Requires advance notice be given to the Louisiana Office of Commerce & Industry.
This is Louisiana’s original incentive program, for capital investments, and is for manufacturers only. It may be used by manufacturers new to the State as well as new investments and miscellaneous capital additions to existing facilities in Louisiana.
An Advance Notification Form and a $100 fee must be filed and received by the Office of Business Development, Business Incentives Division(BI) prior to starting construction, purchasing, installing equipment, or hiring. The Advance Notification may be completed on-line at Louisiana E-Mall (credit card required)
The Industrial Property Tax Exemption abates, up to ten years, local property taxes (Ad Valorem) on a manufacturer’s new investment and annual capitalized additions. This abatement applies to all improvements to the land, buildings, machinery, equipment, and any other property, that is part of the manufacturing process. Granting this incentive must be considered to be in the best interest of the State of Louisiana by the Board of Commerce and Industry. Tax exempt property must remain on the plant site at all times. The land itself is not tax exemptible.
One year benefits of this program are calculated as follows:
One year benefit = Cost of Capital Additions (less obsolete/replaced equipment)
x 15 percent (business assessment rate)
x Millage rate*
= Property Tax Exemption (for one year)
*(Property tax millage can be obtained from the Parish Assessor’s office.)