Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Property tax abatement of up to 80% for 10 years on new manufacturing plant and equipment in Louisiana. One of the nation's most generous industrial incentives, ITEP helps manufacturers offset the cost of building and equipping new or expanded facilities.
Do I qualify?
Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Must be a manufacturing facility in Louisiana
2.Applies to new investment in plant and equipment (not land)
3.Abatement: 80% for 8 years + 80% for 2-year renewal (negotiated by local governments)
4.Job creation targets negotiated with local governments
5.Apply before construction begins; granted by Board of Commerce and Industry
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NYSDEC · New York
Provides transferable tax credits for remediating contaminated brownfield sites and redeveloping them for residential, commercial, or industrial use, with enhanced credits for affordable housing and green buildings.
NCDOR · North Carolina
Provides state income tax credits for investments in renewable energy equipment and energy efficiency improvements for business properties in North Carolina, stackable with federal ITC.