There are no fees to apply, and you can apply for the credit before you begin your project or even spending money on the project. Rather than applying as a company, you apply for tax credits for each individual project. This makes it easier for the state to track production costs and tax credits awarded.
The only way to know if your project qualifies is to apply. Since there’s no fee and no obligation to enter production here if you don’t get a tax credit, you really should apply now.
Louisiana Economic Development has some great advisors who will help you throughout the entire application process.
Part 3 of a 4 part series
Part 1: The Basics
Part 2: The Incentive
Part 4: Get Paid!