1 Business Incentives Services Programs Research & Development Tax Credits Technology Commercialization Credit & Jobs Program

2 Research & Development Tax Credit Program (R&D) Louisiana Taxpayer with R&D Louisiana expenses and: –Claimed R&D expenses by filing IRS Form 6765 on annual tax return, –Incurred R&D expenses and employed fewer than 50 LA residents, or –Received funds for SBIR or STTR grants during the year.

3 R&D Application Process Submit –Application form and $250 fee –List of Qualified Research Expenses incurred –Copy of tax return, including form 6765 –Copy of SBIR/STTR grant & awards received during the year The tax credit may be used on LA income and corporation franchise taxes.

4 R&D Benefits –No need to amend past LA tax returns –Can certify credits for tax years 2003 through current year –Tax credits awarded for are non-refundable and transferrable –Tax credits for the 2009 tax year will be refundable

5 R&D Any questions? Susan Bigner Shamelda Pete

6 Technology Commercialization Credit & Jobs Program (Tech Commercialization) Louisiana Taxpayer who: –invest in the commercialization of Louisiana technology in association with a Louisiana accredited school, college, or university –additional tax credit based on new jobs created

7 Tech Commercialization Application Process Eligibility must be established by submitting: –Eligibility application and copy of agreement with accredited school After eligibility established, must submit: –Credit application with a $250 fee per year –List of commercialization costs –List of new jobs created

8 Tech Commercialization Commercialization Costs consist of: –Machinery & Equipment –Fees such as copyrights, patents, and licenses –Payments to accredited schools for research agreements –Payments to third-party Louisiana research or clinical trial companies

9 Tech Commercialization Benefits –Tax credits are refundable –May be used against LA income and corporation franchise taxes. –Tax credit of 40% of commercialization costs –Limited to $250,000 investment per technology –Tax credit of 6% of gross payroll –Must create a minimum of 5 new jobs

10 Tech Commercialization Any questions? Susan Bigner