Louisiana Administrative Code › Title 13 - ECONOMIC DEVELOPMENT › Part I - Financial Incentive Programs › Chapter 13 - Louisiana Biomedical Research and Development Park Program › Section I-1307 - 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 for the Louisiana Biomedical Research and Development Park tax incentives
				shall be filed prior to the beginning of construction, acquisition of
				equipment, and/or occupation of 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, 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. Applications 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.
C. 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 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.
D. 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.
E. 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 §1307. B above.
F. 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
				further extension. All requests for extension must be in writing and must state
				why the extension is requested.
G.
				Please make checks payable to:
Louisiana Office of Commerce and Industry
AUTHORITY NOTE:
				  Promulgated in accordance with
				  R.S. 46:811
				  et seq.