§6017. Tax credits for certain expenses paid by economic development corporations
NOTE: Subsection A eff. until Jan. 1, 2026. See Acts 2024, 3rd Ex. Sess., No. 6.
A. There shall be allowed a credit against any Louisiana income or corporation
franchise taxes for the filing fee paid to the Louisiana State Bond Commission that is
incurred by an economic development corporation in the preparation and issuance of bonds,
as provided for in Chapter 27 of Title 33 of the Louisiana Revised Statutes of 1950. The
credit shall be an amount equal to seventy-two percent of the amount of the filing fee paid
to the Louisiana State Bond Commission that is incurred by the corporation in the
preparation and issuance of the bonds.
NOTE: Subsection A as amended by Acts 2024, 3rd Ex. Sess., No. 6, eff. Jan. 1, 2026.
A. There shall be allowed a credit against any Louisiana income tax for the filing
fee paid to the Louisiana State Bond Commission that is incurred by an economic
development corporation in the preparation and issuance of bonds, as provided for in
Chapter 27 of Title 33 of the Louisiana Revised Statutes of 1950. The credit shall be an
amount equal to seventy-two percent of the amount of the filing fee paid to the Louisiana
State Bond Commission that is incurred by the corporation in the preparation and issuance
of the bonds.
B. Any such credit shall be taken as a credit against the applicable tax or taxes in the
taxable period in which the expenses were incurred. The total of all such credits taken in a
taxable year shall not exceed the total tax liability for that taxable year.
C. Repealed by Acts 2024, 3rd Ex. Sess., No. 5, §3, eff. Jan. 1, 2025.
Acts 2002, No. 78, §1, eff. June 25, 2002; Acts 2015, No. 125, §2, eff. July 1, 2015;
Acts 2015, No. 357, §1, eff. June 29, 2015; Acts 2016, 1st Ex. Sess., No. 29, §2; Acts 2017,
No. 400, §§1, 4, eff. June 26, 2017; Acts 2024, 3rd Ex. Sess., No. 5, §3, eff. Jan. 1, 2025;
Acts 2024, 3rd Ex. Sess., No. 6, §1, eff. Jan. 1, 2026.
NOTE: See Acts 2015, No. 125, §7, regarding applicability.
NOTE: See Acts 2016, 1st Ex. Sess., No. 29, §2, regarding effectiveness.
NOTE: See Acts 2024, 3rd Ex. Sess., No. 5, §4, regarding applicability to franchise
tax periods beginning on or after Jan. 1, 2026.