20-270 20-270 . . . Executive Incentive Plan under which corporation can award restricted stock and units. Restricted stock consists of common stock of corporation which contains restrictions on transfer and forfeiture in event of termination of employment prior to expiration of time period specified in grant. units are equivalent of corporation's book value per share and are issued and credited on corporation's books to employees on condition that said units must be resold to corporation. Corporation must purchase units at end of 5 year incentive period or upon termination of employment (whichever comes first) for amount equivalent to book value at that time plus dividends declared during incentive period and less book value on date of grant
Louisiana Executive Incentive Plan
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Multi-State
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US-CC-20-270
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PART 2: CREDIT FOR CERTAIN DISABILITIES ? A credit of $100 against the tax is permitted for the taxpayer, spouse, or dependent who is blind, deaf, mentally incapacitated, or has lost the use of a limb. Only one credit is allowed per person.
Current Constitution subjects inventory to a local ad valorem tax unless specifically exempt. The state offers a refundable income and franchise tax credit of 75% of the inventory taxes paid up to $750,000 (100% credit if total is under $500,000) with the remaining 25% carried forward for 10 years.
Retention and Modernization Credit Program benefits include: A credit at the rate of up to five percent of the qualified expenditures incurred by the employer for modernization with the credit divided into equal portions for five years.
Louisiana Quality Jobs Rebate. The Quality Jobs, or QJ, program provides a cash rebate to companies that create well-paid jobs and promote economic development. The program provides up to a 6% cash rebate of annual gross payroll for new direct jobs for up to 10 years.
Live Performance Production Program Up to 25 percent tax credit for musical and theatrical productions, refundable or transferable on a one-time basis.
For applications received on or after July 1, 2017, Louisiana's Motion Picture Production Program, statutorily known as Motion Picture Production Tax Credit, provides motion picture productions up to a 40% tax credit on total qualified in-state production expenditures, including resident and non-resident labor.
The Research and Development Tax Credit encourages existing businesses with operating facilities in Louisiana to establish or continue research and development activities within the state. Provides up to a 30% tax credit on qualified research expenditures incurred in Louisiana ? with no cap and no minimum requirement.
