Knowledge system is not enabled for this account. Redirecting to LiveHelpNow... Louisiana Other Credits
Get the POWER of PRO!
Support Center > Knowledge base> Article: Louisiana Other Credits

Louisiana Other Credits

Article ID: 34833 Print
Question
Louisiana Other Credits

Answer

(A)  Family Responsibility Program Credit – Individuals who have a contract with the Louisiana Department of Social Services to contribute to medical care in the family responsibility program are eligible for a credit of 1/3 of their contribution, limited to $200 per year.

(B)  Louisiana law provides for a credit for investment in Louisiana Capital Companies.

(C)  Louisiana law provides for a credit for a donation of at least $200,000 to a Dedicated Reasearch Investment Fund.

(D)  Proprietors of unincorporated businesses are possibly eligible for a credit for hiring the previously unemployed.

(E)  A credit is available for conversion of vehicles to alternative fuels.

(F)  Doctors affilited with small town community hospitals may qualify for a tax credit.

(G)  A credit is available for proprietors who purchase, on or between September 1, 1991 and December 31, 2000, qualified recycling equipment used to process post-consumer waste.

(H)  Losses from investments in motion pictures with substantial Louisiana content may entitle the investor to tax credits if the investment in the motion picture exceeds $2,353,000. 

(I)  Employers who pay for training to bring employees' reading, writing, or mathematical skills to at least the 12th grade level may be entitled to a credit of $250 per participating employee. 

(J)  A credit is provided for gasoline and special fuels taxes paid for operating or propelling any commercial fishing boat.

(K)  A credit is provided for certain law enforcement officers and certain employees of the Department of Public Safety and Corrections for certin post-secondary education expenses incurred in the pursuit of an undergraduate degree realted to law enforcement.

(L)  A credit is available for the employment of certain first-time drug offenders.

(M)  An employer credit is provided for expenses associated with bone marrow donor program.

(N)  Individuals who make a historical property donation to certain offices and agencies of the State may be entitled to a tax credit.

(O)  A tax credit is allowed under the Louisiana Quality Jobs Program, whereby individuals are employed in new direct jobs that offer a basic health benefit plan.  Qualifying establishments must enter into a contract with the Department of Economic Development.

(P)  Qualified law enforecment officers and certian employees of the Department of Public Safety and Corrections are eligible for a credit for the purchase of a bulletproof vest.  The credit is limited to the purchase price of the bulletproof vest or $100, whichever is less.

(Q) Louisiana law provides for a credit for donations of materials, equipment, advisors, or instructors made to training providers, vocational/technical schools, apprenticeship programs registered with the Louisiana Department of Labor for community colleges within the State.

(R)  A credit is available for employment of Louisiana residents in the production of a qualified motion picture. 

Anyone qualifying for any of these credits, should contact the Department of Revenue for further instructions.

 


related articles

Article Details
Views: 1175 Created on: Jun 15, 2013
Date updated: Oct 19, 2015
Posted in: STATES, Louisiana

Poor
Outstanding