Louisiana – R&D Tax Credit Program Changes

On January 3rd, 2012, Louisiana Economic Development proceeded with its plan to implement rule changes to the administration of the state’s R&D Tax Credit Program. A public hearing was held during which TRCG Advisors was the only Tax Provider to attend and provide comments to the proposed rules.  Considering some of the administrative difficulties the Read the full article…


Gov. Jindal Signs Digital Media and Technology Commercialization Tax Credit Bills in Shreveport

Senate Bill 123, authored by state Sen. Daniel Martiny of Metairie, La., enhances the Digital Media incentive by offering a refundable, rather than a transferable credit. The Digital Media tax credit program offers tax credits of 25 percent on qualified interactive software production in entertainment, healthcare, engineering and other sectors. Payroll expenses for Louisiana residents engaged Read the full article…


Follow the Documentation

When it comes to documenting research and development (R&D), a vast number of companies are uncertain as to the information required to substantiate the R&D Tax Credit and may not have an organized system for tracking the developmental efforts of the Company. Even fewer companies have an R&D project accounting system to track activities and Read the full article…


Application Changes to LA R&D Credit

The LA R&D Credit application is seeing some changes. The credit still provides a benefit of up to 40% of qualified expenditures; however some applicants must now fill out an additional information request in addition to their applications. Specifically, for credit claims exceeding $100,000, the LED now requires the completion of a supplemental “Information and Read the full article…