The Louisiana Industrial Ad Valorem Tax Exemption Program (ITEP) provides significant financial relief to manufacturers, offering an 80% property tax abatement for up to 10 years on new investments. This program is designed to encourage both new and existing manufacturers to invest in Louisiana.
Eligibility
- Must be classified as a manufacturer or related to the manufacturing project.
- Businesses should have a NAICS code beginning with 31, 32, or 33.
- Available to new manufacturers in Louisiana and existing manufacturers making new investments.
For more information and program rules, visit Louisiana Economic Development.