Louisiana Legislation Adds Additional $75 Million of QEI Authority to State NMTC Program
Gov. John Bel Edwards signed legislation creating an additional $75 million of qualified equity investment authority for the Louisiana New Markets Jobs Tax Credit program. S.B. 13 provides the additional round of allocation authority for businesses with 250 or fewer employees through community development entities that have invested at least $100 million in Louisiana. Applications will be accepted beginning Aug. 1 and the additional authority becomes effective Aug. 29.