Technology Commercialization Credit and Jobs Program
The technology commercialization credit offers tax credits to encourage Louisiana businesses to commercialize research conducted at Louisiana universities and to promote job creation.
For commercializing technology —“development of a technology into a commercial product by going through the process of prototyping, securing funding, and other steps necessary to get the final product to the marketplace”— an individual or business may earn a credit on any income or corporation franchise tax liability equal to 40 percent of an investment up to $250,000 in commercialization costs for a business location.
Credit may be carried forward for up to 20 years.
The firm may also earn an additional refundable 6% gross payroll tax credit based on new jobs created and other requirements. Credit on new jobs created may be earned up to five years. It is renewable for an additional five years if the taxpayer demonstrates that they meet all the requirements in the past five years.
The program requires an agreement with a Louisiana regionally accredited college, technical school, university, or a research company to commercialize or research a technology.
More Information
To take advantage of the Technology Commercialization Credit and Jobs Program please contact the program manager, Susan Bigner, at (225) 342-5651 or by email.
