Louisiana Administrative Code › Title 13 - ECONOMIC DEVELOPMENT › Part I - Financial Incentive Programs › Chapter 15 - Louisiana University Research and Development Parks Program › Section I-1507 - Filing of Applications

Current through Register Vol. 50, No. 6, June 20, 2024
Editor's Note: Applications must be filed now at the
				  following address:
Office of Business Development Services
Box 94185
Baton Rouge, LA 70804-9185
A. An advance notification of intent to file
				an application for the Louisiana University Research and Development Parks tax
				incentives shall be filed prior to the beginning of construction, acquisition
				of equipment, or occupation of existing facilities. An advance notification fee
				of $100 shall be submitted with the prescribed advance notification form. Any
				purchases made prior to the filing of the advance notification may not be
				eligible for exemption and/or credit. Applications must be filed with the
				Office of Commerce and Industry, P.O. Box 94185, Baton Rouge, LA 70804-9185 on
				the prescribed form, along with any required additional information, within six
				months after the beginning of construction or three months before completion of
				construction or the beginning of operations, whichever occurs later.
B. An application must be submitted to the
				Office of Commerce and Industry at least 60 days prior to the Board of Commerce
				and Industry meeting where it will be heard. An application fee shall be
				submitted with the application based on 0.2 percent of the estimated total
				amount of taxes to be rebated, exempted, or credited. In no case shall an
				application fee be smaller than $200 and in no case shall a fee exceed $5,000
				per project. A fee of $50 shall be charged for the renewal of a contract. An
				estimated five-year income and franchise tax liability must be provided to the
				Board of Commerce and Industry. This information will be requested on the
				application form and is to be used to estimate the economic impact of the
				project to the state.
C. A copy of
				any application requesting rebate of and/or exemption from taxes of any
				political subdivision shall be transmitted by the applicant to the governing
				authority of each political subdivision levying any such taxes. Rebates made by
				local governing subdivisions may include all of those sales taxes that are not
				dedicated to the repayment of bonded indebtedness.
D. Within six months after construction has
				been completed, the applicant from the establishment shall file, on the
				prescribed form, an affidavit of final cost showing complete cost of the
				project, together with a fee of $100 for the plant inspection which will be
				conducted by the Office of Commerce and Industry. Upon request by the Office of
				Commerce and Industry, a map showing the location of all facilities claiming
				exemptions in the project will be submitted in order that the property for
				which rebates are claimed may be clearly identified.
E. The Office of Commerce and Industry
				reserves the right to return the advance notification, application, or
				affidavit of final cost to the applicant if the estimated exemptions or the fee
				submitted is incorrect. The document may be resubmitted with the correct fee
				and/or information. Documents will not be considered officially received and
				accepted until the appropriate fee is submitted. Processing fees for advance
				notifications, applications, renewals, or affidavits of final cost which have
				been accepted, will not be refundable.
F. The applicant proposing a project with a
				construction period greater than two years must file a separate application for
				each construction phase. An application fee shall be submitted with each
				application filed, based on the fee schedule in §1507. B above.
G. The Office of Commerce and Industry is
				authorized to grant a six-month extension for filing of the application. An
				authorized representative of the Board of Commerce and Industry must approve a
				further extension. All requests for extension must be in writing and must state
				why the extension is requested.
H.
				In addition to the information contained in the application, the applicant
				shall make available any additional relevant information pertinent to the
				application that the Secretary of the Department of Economic Development or the
				Board of Commerce and Industry may request.
I. Please make checks payable to: Louisiana
				Office of Commerce and Industry.
AUTHORITY NOTE:
				  Promulgated in accordance with
				  R.S.
				  17:3389.