What other refundable credits can I enter on this screen?
Certain taxpayers, such as those with business income, may qualify for other credits. If a taxpayer meets the preliminary qualifications for that credit, such as having business income or being a certain filing status, that credit will be displayed as an option on this screen. If you are e-filing your return, be sure to keep any supporting documents for your records. Here is a list of the other credits and some details on each:
- Inventory Tax: Credit for 100 percent of the ad valorem taxes paid to political subdivisions in Louisiana on inventory held by manufacturers, distributors, or retailers.
- Ad Valorem Natural Gas: Credit for 100 percent of the ad valorem taxes paid to political subdivisions in Louisiana on natural gas held, used, or consumed in providing natural gas storage services or operating natural gas storage facilities.
- Ad Valorem Offshore Vessels: Credit for 100 percent of the ad valorem taxes paid on vessels in Outer Continental Shelf Lands Act Waters.
- Telephone Company Property: Credit for up to 40 percent of the ad valorem taxes paid to Louisiana political subdivisions by a telephone company, with respect to that company's public service properties located in Louisiana. The credit may be passed through to individuals who are shareholders or members of certain legal entities.
- Prison Industry Enhancement: Credit for purchases by a taxpayer of specialty apparel items from a private sector Prison Industry Enhancement (PIE) contractor.
- Urban Revitalization: Credit for investing in certain economically depressed areas of the state. Taxpayers must apply to the Louisiana Department of Economic Development to receive certification.
- Mentor-Protege: Credit for a mentor business that commits and provides professional guidance and support to its proteges to facilitate their development and growth as a competitive contractor, subcontractor, joint venture partner, or supplier of local, state, federal, and private markets. A copy of the certification of the credit must be attached to the return.
- Milk Producers: Credit for a resident taxpayer engaged in the business of producing milk for sale. Those milk producers that have obtained permits under the Louisiana Administrative Code, Title 51 and have met the requirements of the Food and Drug Administration shall be certified by the Department of Health and Hospitals to receive the credit.
- Technology Commercialization: Credit for a qualifying individual or business that invests in the commercialization of Louisiana technology. A copy of the certification of the credit from the Louisiana Department of Economic Development must be attached to the return.
- Historic Residential: Credit for the amount of eligible costs and expenses incurred during the rehabilitation of an owner-occupied residential or owner-occupied mixed use structure located in a National Register Historic District, a local historic district, a Main Street District, or a downtown development district. The structure must have been listed or is eligible for listing on the National Register or has been certified by the State Historic Preservation Office. The tax credit shall be limited to one credit per rehabilitated structure and shall not exceed $25,000 per structure. Taxpayers must apply to the Louisiana Department of Culture, Recreation and Tourism, Division of Historic Preservation for certification. A copy of the certification must be attached to the return.
- Angel Investor: Credit to encourage third party investment of taxpayers who make qualified investments to certified Louisiana entrepreneurial businesses between January 1, 2005 and December 31, 2009. To earn the Angel Investor Tax Credit, taxpayers must file an application with the Louisiana Department of Economic Development, which has the exclusive authority to implement and administer the credit program and approve the credit applications.
- Musical and Theatrical Productions: Credit for the production expenses, transportation costs, employment of college and vocational-technical students, employment of residents, and for the construction, repair, or renovation of facilities related to productions and performances.
- Wind and Solar Energy Systems: A refundable credit (R.S. 47:6030) is allowed against income tax for taxpayers who purchase and install a wind energy system, a solar energy system, or both in an existing residence located in this state, or for owners who purchase and install such energy systems in an existing residential rental apartment project. Taxpayers are also eligible for the credit when a resident purchases a newly constructed home with such systems already installed, or when such systems are installed in new apartment projects. The credit is equal to fifty percent (.50) of the first $25,000 of the cost of each wind energy system or solar energy system, including installation costs, purchased on or after January 1, 2008. When taking this credit, the taxpayer will not be eligible for any other state tax credit, exemption, exclusion, deduction, or any other tax benefit for that property.
- School Readiness Child Care Provider: A refundable credit (R.S. 47:6105) is allowed against income tax for a child care provider who operates a facility or facilities where care is given to foster children who are in the custody of the Louisiana Department of Social Services or to children who participate in the Child Care Assistance Program administered by the Office of Family Support in the Department of Social Services. The credit is based upon the average monthly number of children who attended the facility multiplied by an amount based upon the quality star rating of the child care facility. For more information regarding this credit, please contact the Louisiana Department of Social Services at 1-888-542-3578.
- School Readiness Child Care Directors and Staff: A refundable credit (R.S. 47:6106) is allowed against income tax for eligible child care directors and eligible child care staff. The tax credit is based on certain attained qualifications for directors and staff members.The credit amount is variable and the 2012 amount is posted at www.qrslouisiana.org. For more information regarding this credit, please contact the Louisiana Department of Children and Family Services.
- School Readiness Business Supported Child Care: A refundable credit (R.S. 47:6107) is allowed against income tax for a taxpayer who incurs eligible business-supported child care expenses. The credit amount of such eligible business child care expenses depends upon the quality rating of the child care facility to which the expenses are related or the quality rating of the child care facility that the child attends. Copies of canceled check and other documentation to support the amount of eligible business child care facility expenses should be maintained and provided upon request by a taxpayer claiming this credit. For more information regarding this credit, please contact the Louisiana Department of Social Services.
- School Readiness Fee to Resource and Referral Agencies: A refundable credit (R.S. 47:6107) is allowed against income tax for a taxpayer whose business pays fees and grants to child care resource and referral agencies. The credit shall not exceed $5,000 per tax year. For more information regarding this credit, please contact the Louisiana Department of Social Services.
- Sugarcane Trailer Conversion or Acquisition: A refundable credit for the cost paid this year to acquire or replace an eligible sugarcane trailer, or to convert an ineligible sugarcane trailer to an eligible sugarcane trailer. An eligible sugarcane trailer hauls sugarcane and meets certain requirements which will authorize the owner or operator to obtain an annual special permit for sugarcane vehicles after August 1, 2012. The credit is limited to $7,000 per trailer.
- Retention and Modernization: A refundable credit for an employer who incurs qualified expenditures to modernize existing operations in Louisiana to retain the business in the state. Taxpayers must apply to the Louisiana Department of Economic Development to receive certification.
- Conversion of Vehicle to Alternative Fuel: A refundable credit for the conversion of a vehicle to a qualified clean-burning motor vehicle fuel property, or purchase of a new qualified motor vehicle with a qualified clean-burning fuel property installed by the manufacturer. The purchased vehicle must be property registered with the Louisiana Department of Public Safety.
- Research and Development: A refundable credit for any taxpayer who claims a federal income tax credit under 26 U.S.C. Section 41(a) for increasing research activities. The credit obtained through the Louisiana Department of Economic Development.
- Digital Interactive Media and Software: A refundable credit for individuals for the investment in businesses specializing in digital interactive media and software. Taxpayers must apply to the Louisiana Department of Economic Development to receive certification. A copy of the certification of the credit must be attached to the return. See Revenue Information Bulletin 12-017 on LDR's website.
