1. A. The applicant shall file annually with the appropriate taxing authority of the parish in which the manufacturing establishment is located, a complete taxpayer’s report on forms approved by the Tax Commission, in order that the exempted property may be separately listed on the assessment rolls.
2. B. All property exempted shall be listed on the assessment rolls and submitted to the Tax Commission or its successor and up the applicable percentage of the taxes shall not be collected thereon during the period of exemption.
3. C. Taxes shall be exempted in accordance with the provisions of the contract, which are available to Parish Assessors through LED’s online Fastlane portal.

4. D. All property for which an ITEP contract has been approved by the board, but awaiting a final determination by the governor. Shall be reported by the company to the appropriate taxing authority as “pending exemption”.

   1. 1. Any property identified as “pending exemption” that fails to receive final approval from the governor by August 31 shall be subject to taxation for that year.
   2. 2. Applicant company may follow the proper guidelines as outlined by the Louisiana Tax Commission to have taxes paid under protest and prevail or have a change order approved and the paid taxes refunded to have such property reconsidered and eligible for exemption.
5. E. Any new asset shall be subject to property tax unless the item is included on the applicable annual project property report and attached to a fully executed ITEP contract as of August 31 following the January 1 in which the items are first subject to tax assessment.

Authority Note

AUTHORITY NOTE: Promulgated in accordance with Article VII, Part 2, Section 21(F) of the Louisiana Constitution of 1974.

Historical Note

HISTORICAL NOTE: Promulgated by the Board of Commerce and Industry and Louisiana Economic Development, LR 51:374 (March 2025).