Louisiana Legislation Would Create Tax Credit for Manufacturing in OZs
Legislation in Louisiana would establish a tax credit pilot program for manufacturing industries in opportunity zones (OZs). H.B. 274 would create a credit of up to 50 percent of the construction costs for manufacturing businesses in OZs that have a minimum capital cost of $1.5 million. There would be a project cap of $1 million and a statewide cap of $10 million over five years. The tax credits would be available starting Jan. 1, 2020.