Bold Business Incentives for the Aerospace Industry
Aerospace manufacturers will find a suite of highly competitive incentives designed to help their operations thrive in Louisiana.
- Louisiana offers the Industrial Tax Exemption Program, which provides up to 100 percent property tax abatement for up to eight years on an manufacturer’s new investment and annual capitalized additions.
- In addition, the Digital Interactive Media and Software Development Incentive — the nation’s strongest, most comprehensive incentive for software development — provides a unique advantage to the aerospace industry. The incentive is applicable to customer-facing software, including aerospace-specific applications like navigation, communications, radar, defense and other embedded systems. Eligible projects receive a 25 percent refundable tax credit for payroll expenditures and an 18 percent refundable tax credit for qualified production expenditures. If the amount of tax credits exceeds the business’ state income and franchise tax liabilities, the business receives the balance as a refund.