1. A. Pursuant to Act 125 of the 2015 Regular Session of the Louisiana Legislature, applications approved on or after July 1, 2015, are subject to the following reductions from July 1, 2015, through June 30, 2018:

   1. 1. technology commercialization credits28.8 percent of the amount of the investment;
   2. 2. technology jobs credits4.32 percent of payroll for new direct jobs.
2. B. Applications approved prior to July 1, 2015, are not affected by Act 125.

Authority Note

AUTHORITY NOTE: Promulgated in accordance with R.S. 51:2353 and R.S. 51:936.2.

Historical Note

HISTORICAL NOTE: Promulgated by the Department of Economic Development, Office of Business Development, LR 42:224 (February 2016).