Louisiana Research and Development Tax Credit

This credit is available to corporations and flow through entities with research activities performed in Louisiana. Qualifying activities are defined as “a new or improved function, performance, or reliability or quality.” in Section 41 of the Internal Revenue Code. Ineligible entities, unless specifically invited by the Secretary of LED to:
Professional services firms that do not have a pending or issued US patent related to the QREs claimed; and
Entities primarily engaged in custom manufacturing and custom fabricating that do not have a pending or issued US patent related to the QREs claimed.