This is Louisiana's original incentive program for capital investments and is for manufacturing businesses only. It is administered by the Louisiana Department of Economic Development(LDED)and may be used by manufacturers new to Louisiana as well as new investments and miscellaneous capital additions to facilities already operating in Louisiana.
The Industrial Property Tax Exemption abates, for a period not to exceed ten years, local property taxes on a manufacturer's new investment and annual capitalized expansions. The exemption applies to all improvements to the land, buildings, machinery, equipment and any other property associated with the manufacturing process. The exempted property must remain on the manufacturing site at all times. Upon expiration of the contract, the property becomes taxable at 15% of its then current market value.
Exemptions 
