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Louisiana Law Adds $150 Million in QEI Authority for State NMTC Incentive Beginning Aug. 1

Friday, June 30, 2023 - 10:15AM

Legislation signed into law this week by Louisiana Gov. John Bel Edwards provides $150 million in qualified equity investment (QEI) authority for the state new markets tax credit (NMTC) and makes other changes to the incentive. S.B. 151 provides the additional QEI authority beginning Aug. 1 and requires tax credit recapture if all investment isn’t made within 12 months. The Louisiana NMTC is for 45% of QEIs taken 14% in Years 1 and 2 and 8.5% in Years 3 and 4.

The Novogradac Introduction to New Markets Tax Credits booklet provides an initiation into the workings of the NMTC incentive at the federal and state level.

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