LAC 13:I.1913 – Application Contents

A. The application shall be submitted on forms provided by the Office of Business Development Services. A 10-year pro-forma balance sheet and income statement shall be provided by the applicant as the basis for all tax calculations. The application shall contain the following information.
1. 1. The chief financial officer of the applicant company requesting tax equalization under this program will submit a written certification of the following estimated costs for each site under consideration:
  1. a. construction cost;
  2. b. annual labor cost;
  3. c. annual raw materials cost;
  4. d. annual transportation cost:
  5. e. annual power cost; and
  6. f. site cost.
2. 2. A certified estimate of the following state taxes covering the first 10 years of operations, filed for each site under consideration:
  1. a. state sales/use tax;
  2. b. state corporate income tax;
  3. c. state corporate franchise tax;
  4. d. state ad valorem property tax (where applicable);
  5. e. state inventory tax (where applicable); and
  6. f. any other state taxes.
3. 3. A certified estimate of the following local taxes covering the first 10 years of operations, filed for each site under consideration:
  1. a. local sales/use tax;
  2. b. local ad valorem property tax;
  3. c. local inventory tax; and
  4. d. any other local taxes.
B. All applications for retention of an existing business located in Louisiana, shall demonstrate, to the satisfaction of the Board of Commerce and Industry, a real and compelling potential for the business to relocate to the competing site, including a demonstration that it is economically feasible to do so.

Authority Note

AUTHORITY NOTE: Promulgated in accordance with R.S. 47:3201-3206.

Historical Note

HISTORICAL NOTE: Promulgated by the Department of Economic Development, Office of Commerce and Industry, LR 15:1048 (December 1989), amended by the Department of Economic Development, Office of Business Development, LR 37:3502 (December 2011).