Below is a sample of tax credits and incentives available to business and industry. This is not an exhaustive list. For more information, please contact our Business Development team.

Enterprise Zone

$
0
Per Employee
  • This credit is now equal to $1,000 per net new employee unless either the net new employee claimed SNAP or WIC within the past 6 months OR the employer is located in an enterprise zone, in which case the credit is $3,500 per employee.
  • The sales and use tax and investment income tax credit are capped at $100,000 per new job.

Quality Jobs

0
%
Rebate
  • Until June 30, 2018: Provides up to a 6% rebate on 80% of gross payroll for direct new jobs for up to 10 years.
  • (Pending any legislative changes) After July 1, 2018: the rebate will apply to 100% of gross annual payroll.

Research & Development

0
%
Tax Credit
  • 40% nonrefundable tax credit

Modernization Credit

0
%
Expenditure Credit
  • Provides a credit equal to 3.6% of qualified expenditures incurred by the employer for modernization. The credit is paid in 5 equal portions over the course of five years.

Digital Media Incentive

0
%
Credit on Payroll
  • Until June 30, 2018:
    – Credit equal to 25.2% on qualified payroll for in-state labor; Credit equal to 18% for qualified production expenses
  • After July 1, 2018:
    – Credit equal to 35% on qualified payroll for in-state labor; Credit equal to 25% for qualified production expenses

Technology Commercialization

0
%
Tax Credit
  • Provides a 28.8% refundable tax credit to companies that invest in the commercialization of LA technology
  • Provides a 4.32% payroll rebate for the creation of direct new jobs

Sound Recording Investor

0
%
Tax Credit
  • 18% tax credit on sound recording expenses

Additional Incentive Information