ARTICLE
28 March 2025

Louisiana Industrial Tax Exemption Program (ITEP) - New Rules And Executive Order

JW
Jones Walker

Contributor

At Jones Walker, we look beyond today’s challenges and focus on the opportunities of the future. Since our founding in May 1937 by Joseph Merrick Jones, Sr., and Tulane Law School graduates William B. Dreux and A.J. Waechter, we have consistently asked ourselves a simple question: What can we do to help our clients succeed, today and tomorrow?
On March 20, 2025, Governor Landry issued Executive Order No. JML 25-033 and Louisiana Economic Development (LED)/Board of Commerce and Industry promulgated new rules (beginning at p. 366).
United States Louisiana Corporate/Commercial Law

On March 20, 2025, Governor Landry issued Executive Order No. JML 25-033 and Louisiana Economic Development (LED)/Board of Commerce and Industry promulgated new rules (beginning at p. 366) which make changes to Louisiana's Industrial Tax Exemption Program (ITEP).

The changes, in part, recognize Governor Landry's view of the importance of the ITEP as an economic development tool to encourage capital investment in Louisiana manufacturing projects. Among other changes, businesses with existing ITEP contracts under the 2017 and 2018 ITEP Rules may "opt out" of the jobs, payroll, and compliance components regardless of whether the contract is up for renewal.

Businesses with existing ITEP contracts under the old rules may want to consider opting out of the jobs, payroll, and compliance components of those contracts. The "Opt-Out" Amendment Form may be filed via LED's Fastlane NextGen.

Among other changes, businesses with existing ITEP contracts under the 2017 and 2018 ITEP Rules may "opt out" of the jobs, payroll, and compliance components regardless of whether the contract is up for renewal.

1603610.jpg

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More