Louisiana Disclosure Regimes

State Year of Disclosure Law Specific Subsidy Program Affected by Law
(*Means Update to Earlier Law)		 Disclosure Law State Statute Excerpt Subsidies in Sample? (Y/N) Internal Disclosure? (Y/N) External Disclosure? (Y/N)
Louisiana 1992 Louisiana Economic Development Act tax credits and rebates 1992 La. HB 1813 La. R.S. § 51:2319 The corporation shall transmit to the governor and chairmen of the House and Senate Commerce Committees an annual status report of its activities. The report shall include but not be limited to information on name and location of all applicants, amount and type of financial assistance granted, type of project or product being financed, number of net new jobs created or retained, duration of financial assistance, amount of financial support other than state resources, and then status of any other loans of the corporation. The report shall not include information exempt from disclosures provided by law. N N Y
Louisiana 1995 Louisiana Quality Jobs Program 1995 La. HB 2363 La. R.S. § 51:2461 A. The Department of Economic Development shall prepare a report which shall include but not be limited to documentation of new direct jobs created under this Chapter and a fiscal analysis of the costs and benefits of the program to the state. The report shall be submitted to the president of the Senate, the speaker of the House of Representatives, and the governor of this state no later than March 1, 1998. N N Y
Louisiana 1996 Louisiana Quality Jobs Program* 1996 La. HB 151 La. R.S. § 51:2461 The Department of Economic Development shall annually report the number of jobs created pursuant to this Chapter in each parish. N N Y
Louisiana 2000 General development done by Louisiana Inc 2000 La SB 88 R.S. 51:3037 "the corporation shall provide to the governor and each of such legislative committees a report no later than the end of the first month following the end of each calendar quarter, which report shall relate to the activities of the corporation completed within the previous calendar quarter. This report shall include but not be limited to information on the name and location of all applicants, amount and type of financial assistance granted, type of project or product being financed, number of net new jobs created or retained, duration of financial assistance, amount of financial support other than state resources and the status of any other loans of the corporation. The report shall not include proprietary or trade secret information relative to prospects nor any proprietary information about any entity.
2000 La. ALS 144, 2000 La. ACT 144, 2000 La. SB 88, 2000 La. ALS 144, 2000 La. ACT 144, 2000 La. SB 88"		 N N Y
Louisiana 2001 Louisiana Economic Development Act tax credits and rebates* 2001 La. HB 1666 La. R.S. § 51:2319 The corporation shall transmit to the governor and chairmen of the House [D> and Senate Commerce Committees <D] [A> COMMITTEE ON COMMERCE, THE SENATE COMMITTEE ON COMMERCE AND CONSUMER PROTECTION, AND THE JOINT LEGISLATIVE COMMITTEE ON THE BUDGET <A] [D> an annual <D] [A> A QUARTERLY <A] status report of its activities. The report shall include but not be limited to information on name and location of all [A> APPROVED <A] applicants, amount and type of financial assistance granted, type of project or product being financed, number of net new jobs created or retained, duration of financial assistance, amount of financial support other than state resources, and the status of any other loans of the corporation. The report shall not include information exempt from disclosures provided by law. N N Y
Louisiana 2002 Louisiana Capital Companies Tax Credit Program 2002 LA HB 267 La. R.S. § 51:1927.2 PRIOR TO SEPTEMBER 1, 2003, AND EACH QUARTER THEREAFTER, THE SECRETARY SHALL REPORT TO THE HOUSE COMMITTEES ON COMMERCE AND WAYS AND MEANS AND THE SENATE COMMITTEES ON COMMERCE, CONSUMER PROTECTION, AND INTERNATIONAL AFFAIRS AND REVENUE AND FISCAL AFFAIRS ON THE ACTIVITIES OF ALL CERTIFIED CAPITAL COMPANY GROUPS WITH INFORMATION PROVIDED TO THE SECRETARY QUARTERLY BY EACH CERTIFIED LOUISIANA CAPITAL COMPANY AND CERTIFIED LOUISIANA CAPITAL COMPANY GROUP. THE COST OF PREPARATION OF SUCH REPORT BY THE SECRETARY SHALL BE PAID BY THE CERTIFIED LOUISIANA CAPITAL COMPANIES AND/OR CERTIFIED LOUISIANA CAPITAL COMPANY GROUPS, AND SUCH REPORT SHALL INCLUDE BUT NOT BE LIMITED TO THE FOLLOWING: <A]
[A> (1) THE TOTAL AMOUNT OF CERTIFIED CAPITAL RAISED. <A]
[A> (2) THE TOTAL AMOUNT OF CERTIFIED CAPITAL RAISED BY EACH CERTIFIED LOUISIANA CAPITAL COMPANY AND/OR CERTIFIED LOUISIANA CAPITAL COMPANY GROUP. <A]
[A> (3) THE TOTAL AMOUNT OF CERTIFIED CAPITAL INVESTED IN QUALIFIED INVESTMENTS. <A]
[A> (4) THE TOTAL AMOUNT OF CERTIFIED CAPITAL THAT EACH CERTIFIED LOUISIANA CAPITAL COMPANY AND/OR CERTIFIED LOUISIANA CAPITAL GROUP HAS THAT HAS YET TO MEET THE INVESTMENT REQUIREMENTS CONTAINED IN R.S. 51:1928. <A]
[A> (5) THE TOTAL AMOUNT OF CERTIFIED CAPITAL INVESTED IN QUALIFIED LOUISIANA BUSINESSES BY EACH CERTIFIED LOUISIANA CAPITAL COMPANY AND/OR CERTIFIED LOUISIANA CAPITAL COMPANY GROUP. <A]
[A> (6) THE FOLLOWING INFORMATION ABOUT EACH QUALIFIED LOUISIANA BUSINESS THAT RECEIVED AN INVESTMENT OF CERTIFIED CAPITAL BY A CERTIFIED LOUISIANA CAPITAL COMPANY AND/OR CERTIFIED LOUISIANA CAPITAL COMPANY GROUP OUT OF INVESTMENT POOLS CERTIFIED AFTER JULY 1, 2002: <A]
[A> (A) THE DOLLAR AMOUNT OF NEW INVESTMENT IN PHYSICAL ASSETS IN THE STATE. <A]
[A> (B) THE ACTUAL NUMBER AND GROSS PAYROLL OF NEW PERMANENT FULL-TIME AND PART-TIME JOBS CREATED. <A]
[A> (C) THE ACTUAL NUMBER AND GROSS PAYROLL OF JOBS RETAINED AS COMPARED TO THE NUMBER AND PAYROLL OF JOBS EXISTING PRIOR TO THE INVESTMENT FROM THE CERTIFIED CAPITAL COMPANY. <A]
[A> (D) WAGE RATES AND BENEFITS OF THE NEW PERMANENT FULL-TIME AND PART-TIME JOBS CREATED, AND THOSE OF THE JOBS RETAINED. <A]
[A> (E) TAX REVENUES GENERATED BY EACH COMPANY RECEIVING AN INVESTMENT FROM A CERTIFIED CAPITAL COMPANY, AS DETERMINED BY THE DEPARTMENT OF REVENUE. <A]
[A> (F) AN ESTIMATE OF THE TOTAL DIRECT AND INDIRECT ECONOMIC IMPACT ON LOUISIANA FOR EACH COMPANY RECEIVING AN INVESTMENT BASED UPON THE DATA COLLECTED IN THIS SECTION. <A]
[A> (7) THE AMOUNT OF MANAGEMENT FEES TAKEN BY EACH CERTIFIED LOUISIANA CAPITAL COMPANY AND/OR CERTIFIED LOUISIANA CAPITAL COMPANY GROUP AS DEFINED BY R.S. 51:1927.1(B). <A]
[A> (8) ALL INFORMATION CONTAINED IN R.S. 51:1934(C).		 N N Y
Louisiana 2002 All state economic development programs within the Department of Economic Development 2002 LA SB 71 La. R.S. § 51:935.1 The report shall include:
(1) A complete listing of each state economic development program which the division of administration and the Louisiana Economic Development Council have agreed should be included in the report and the agency or corporation which administer them, if any.
(2) A description of how the agency or corporation administers its program and how that administration serves to promote, attract, and retain commerce and industry in the state.
(3) The total direct cost of benefits provided under each economic development program for the preceding two fiscal years, together with an estimate of the projected direct cost for the current and next two fiscal years.
(4) The following performance data, including both direct and indirect impact, for each economic development program for the two-fiscal year period being reported, and, beginning with the report issued on November 15, 2007, a comparison to the two fiscal years previously reported and the average of all prior fiscal years previously reported, or the reasons why such data is not available:
(a) The dollar amount of new investment in physical assets in the state.
(b) The actual number and gross payroll of new permanent full and part-time jobs created during the two-year period and the number and payroll of jobs created in previously reported periods.
(c) The actual number and gross payroll of jobs retained as compared to the number and payroll of jobs existing prior to the entry of the employers into a program.
(d) Wage rates and benefits of the new permanent full-time and part-time jobs created, and those of the jobs retained, as compared to the wage rates and benefits existing prior to the entry of the employers into the program.
(e) Tax revenues generated by employers participating in the programs, as determined by the division of administration based upon tax data and information for all employers participating in such programs which shall be supplied to the division by the Department of Revenue, and certified by the Revenue Estimating Conference
(5) An estimate of the total direct and indirect economic impact for each economic development program on Louisiana based upon the performance data provided for in Paragraphs (B)(3) and (4).
C. The report shall also classify the performance data provided for in Paragraphs (B)(3), (4), and (5) according to three digit North American Industrial Classification System Codes, and where applicable, categorized by the Department of Economic Development's Vision 2020 clusters.		 N N Y
Louisiana 2005 Angel Investor Tax Credit 2005 LA HB 627 La. R.S. § 47:6020.4 THE SECRETARY OF THE DEPARTMENT OF ECONOMIC DEVELOPMENT SHALL REPORT TO THE HOUSE COMMITTEES ON COMMERCE AND WAYS AND MEANS AND THE SENATE COMMITTEES ON COMMERCE, CONSUMER PROTECTION, AND INTERNATIONAL AFFAIRS AND REVENUE AND FISCAL AFFAIRS TWO MONTHS PRIOR TO EACH REGULAR SESSION OF THE LEGISLATURE ON THE ACTIVITIES RESULTING FROM THE ANGEL INVESTOR TAX CREDIT PROGRAM WITH INFORMATION PROVIDED TO THE SECRETARY ANNUALLY BY THE LOUISIANA ENTREPRENEURIAL BUSINESS. THE REPORT SHALL INCLUDE BUT NOT BE LIMITED TO THE FOLLOWING: <A]
[A> (1) THE TOTAL AMOUNT OF CAPITAL INVESTED INTO LOUISIANA ENTREPRENEURIAL BUSINESSES AS A RESULT OF THIS PROGRAM. <A]
[A> (2) AN ESTIMATE OF THE TOTAL DIRECT AND INDIRECT ECONOMIC IMPACT ON LOUISIANA FOR THE LOUISIANA ENTREPRENEURIAL BUSINESSES RECEIVING AN INVESTMENT BASED UPON THE DATA COLLECTED IN THIS SECTION. <A]
[A> (3) THE FOLLOWING INFORMATION SHALL BE REPORTED TO THE DEPARTMENT OF ECONOMIC DEVELOPMENT BY EACH LOUISIANA ENTREPRENEURIAL BUSINESS THAT RECEIVED AN INVESTMENT FROM AN ANGEL INVESTOR. THE INFORMATION SHALL BE REPORTED ANNUALLY FOR FIVE YEARS FOLLOWING THE INVESTMENT. <A]
[A> (A) THE AMOUNT INVESTED INTO THE BUSINESS BY THE ANGEL INVESTOR OR INVESTORS. <A]
[A> (B) THE ACTUAL NUMBER OF AND GROSS PAYROLL FOR THE NET NEW PERMANENT FULL-TIME AND PART-TIME JOBS CREATED EACH YEAR AFTER THE INVESTMENT WAS RECEIVED. <A]
[A> (C) THE DOLLAR AMOUNT OF NEW CAPITAL INVESTMENT BY THE COMPANY MADE IN THE STATE. <A]
[A> (D) THE ACTUAL NUMBER AND GROSS PAYROLL OF NET JOBS RETAINED, IF ANY, AS COMPARED TO THE NUMBER AND PAYROLL OF JOBS EXISTING PRIOR TO THE INVESTMENT. <A]
[A> (E) WAGE RATES AND BENEFITS OF THE NEW PERMANENT FULL-TIME AND PART-TIME JOBS CREATED, AND THOSE OF THE JOBS RETAINED. <A]
[A> (F) GROSS SALES AND TAX REVENUES GENERATED BY EACH COMPANY RECEIVING AN INVESTMENT, AS VERIFIED BY THE DEPARTMENT OF REVENUE. <A]		 N N Y
Louisiana 2007 Musial and Theatrical Production Income Tax Credits 2007 LA SB 218 La. R.S. § 47:6034 THE DIVISION OF ADMINISTRATION AND THE DEPARTMENT OF ECONOMIC DEVELOPMENT SHALL PREPARE, WITH INPUT FROM THE LEGISLATIVE FISCAL OFFICE, A WRITTEN REPORT TO BE SUBMITTED TO THE SENATE COMMITTEE ON REVENUE AND FISCAL AFFAIRS AND THE HOUSE OF REPRESENTATIVES COMMITTEE ON WAYS AND MEANS NO LESS THAN SIXTY DAYS PRIOR TO THE START OF THE REGULAR SESSION OF THE LEGISLATURE IN 2008, AND EVERY SECOND YEAR THEREAFTER. THE REPORT SHALL INCLUDE THE OVERALL IMPACT OF THE TAX CREDITS, THE AMOUNT OF THE TAX CREDITS ISSUED, THE NUMBER OF NET NEW JOBS CREATED, THE AMOUNT OF LOUISIANA PAYROLL CREATED, THE ECONOMIC IMPACT OF THE TAX CREDITS AND THE STATE-CERTIFIED MUSICAL AND THEATRICAL PRODUCTIONS AND INFRASTRUCTURE PROJECTS, THE AMOUNT OF NEW INFRASTRUCTURE THAT HAS BEEN DEVELOPED IN THE STATE, AND ANY OTHER FACTORS THAT DESCRIBE THE IMPACT OF THE PROGRAM. N N Y
Louisiana 2009 Ports of Louisiana Tax Credits 2009 LA HB 215 La. R.S. § 47:6036 WITH INPUT FROM THE LEGISLATIVE FISCAL OFFICE, THE DEPARTMENT OF ECONOMIC DEVELOPMENT SHALL PREPARE A WRITTEN REPORT TO BE SUBMITTED TO THE HOUSE COMMITTEE ON WAYS AND MEANS AND THE SENATE COMMITTEE ON REVENUE AND FISCAL AFFAIRS NO LESS THAN SIXTY DAYS PRIOR TO THE START OF THE REGULAR SESSION OF THE LEGISLATURE IN 2010, AND EVERY SECOND YEAR THEREAFTER. THE REPORT SHALL INCLUDE THE OVERALL IMPACT OF THE TAX CREDITS, THE AMOUNT OF THE TAX CREDITS ISSUED, THE NUMBER OF NEW JOBS CREATED, THE AMOUNT OF LOUISIANA PAYROLL CREATED, THE ECONOMIC IMPACT OF THE TAX CREDITS ON THE PORT AND MARITIME INDUSTRY LOCATED IN THIS STATE AND REGIONALLY, THE AMOUNT OF NEW INFRASTRUCTURE THAT HAS BEEN DEVELOPED IN THE STATE, AND ANY OTHER FACTORS THAT DESCRIBE THE IMPACT OF THE PROGRAM. N N Y
Louisiana 2009 Tax Credit for "Green Job Industries" 2009 LA HB 733 La. R.S. § 47:6037 THE DIVISION OF ADMINISTRATION AND THE DEPARTMENT OF ECONOMIC DEVELOPMENT SHALL PREPARE, WITH INPUT FROM THE LEGISLATIVE FISCAL OFFICE, A WRITTEN REPORT TO BE SUBMITTED TO THE SENATE COMMITTEE ON REVENUE AND FISCAL AFFAIRS AND THE HOUSE COMMITTEE ON WAYS AND MEANS NO LESS THAN SIXTY DAYS PRIOR TO THE START OF THE 2010 REGULAR SESSION OF THE LEGISLATURE, AND EVERY SECOND YEAR THEREAFTER. THE REPORT SHALL INCLUDE THE OVERALL IMPACT OF THE TAX CREDITS, THE AMOUNT OF THE TAX CREDITS ISSUED, THE NUMBER OF NET NEW JOBS CREATED, THE AMOUNT OF LOUISIANA PAYROLL CREATED, THE ECONOMIC IMPACT OF THE TAX CREDITS, AND ANY OTHER FACTORS THAT DESCRIBE THE IMPACT OF THE PROGRAM. N N Y
Louisiana 2010 Louisiana Economic Development Act tax credits and rebates*, Louisiana Quality Jobs Program*, Louisiana Capital Companies Tax Credit Program*, Angel Investor Tax Credit*, Ports of Louisiana Tax Credits* 2010 La. HB 1078 La. R.S. § 36:104 "Make , and publish, AND SUBMIT ELECTRONICALLY an annual report to the governor, and the legislature EVERY MEMBER OF THE LEGISLATURE, AND THE SENATE COMMITTEE ON COMMERCE, CONSUMER PROTECTION, AND INTERNATIONAL AFFAIRS, AND THE HOUSE COMMITTEE ON COMMERCE concerning the operations of the department , INCLUDING AN OVERVIEW OF EACH BUSINESS INCENTIVE AND ASSISTANCE PROGRAM ADMINISTERED BY THE DEPARTMENT, and submit with each report such recommendations as he deems necessary for the more effective internal structure and administration of the department, and make other reports and recommendations on his own initiative or upon request of the governor, the legislature, or any committee or member thereof. THE OVERVIEW OF EACH BUSINESS INCENTIVE AND ASSISTANCE PROGRAM ADMINISTERED BY THE DEPARTMENT SHALL INCLUDE A BRIEF DESCRIPTION OF EACH PROGRAM’S OBJECTIVE AND ANNUAL ACTIVITY AND PERFORMANCE INFORMATION INCLUDING, AS APPLICABLE, NUMBER OF APPLICATIONS RECEIVED, NUMBER OF NEW PROJECTS, AMOUNT OF ASSOCIATED CERTIFIED SPENDING IN THE STATE, NUMBER OF NEW PERMANENT JOBS, NUMBER OF CONSTRUCTION JOBS, NUMBER OF RETAINED PERMANENT JOBS, AMOUNT OF ASSOCIATED CAPITAL INVESTMENT, AND AMOUNT OF INCENTIVE AWARDED."
Enacted July 8, 2010.		 N N Y
Louisiana 2011 Tax incentives administered by the Department of Economic Development 2011 LA SB 123 La. R.S. § 47:6038 Reports; tax incentives administered by the Department of Economic Development
Notwithstanding any provision of law to the contrary, the secretary of the Department of Economic Development shall report to the Joint Legislative Committee on the Budget information concerning the granting and denial of tax credits and rebates, hereinafter referred to as “tax incentives”, administered by the department authorized under this Title. On January 30th of each year, the secretary shall transmit to the members of the committee a list of the recipients of each tax incentive, as well as a list of applicants denied tax incentives, over the most recently concluded calendar year. The report shall contain the name and primary place of business of each applicant.		 N N Y
Louisiana 2011 Louisiana Economic Development Act tax credits and rebates* 2011 La. SB 135 R.S. 51:2306 Reports; tax incentives administered by the Department of Economic Development
Notwithstanding any provision of law to the contrary, the secretary of the Department of Economic Development shall report to the Joint Legislative Committee on the Budget information concerning the granting and denial of tax credits and rebates, hereinafter referred to as “tax incentives”, administered by the department authorized under this Title. On January 30th of each year, the secretary shall transmit to the members of the committee a list of the recipients of each tax incentive, as well as a list of applicants denied tax incentives, over the most recently concluded calendar year. The report shall contain the name and primary place of business of each applicant.		 N N Y
Louisiana 2013 each state agency that administers a tax credit or tax rebate 2013 La. HB 316 La. R.S. § 47:1517.1 "No later than the first day of March each year, the head of each state agency that administers a tax credit or tax rebate, referred to in this Section collectively as “tax incentive”, shall prepare and submit to the legislature a report regarding each tax incentive that the agency administers. The report shall include an assessment of each tax incentive based on the following criteria:
(1) Whether or not each tax incentive has been successful in meeting the purpose for which it was enacted, in particular, whether each tax incentive benefits those originally intended to be benefited, and if not, those who do benefit.
(2) Whether or not the state receives a positive return on investment from the business or industry for which the tax incentive is intended to benefit and any other economic benefits produced by such tax incentive.
(3)
Unintended or inadvertent effects, benefits, or harm caused by each tax incentive, including whether each tax incentive conflicts with other state laws or regulations.
C.(1) Nothing in this Section shall be construed to require the disclosure of proprietary or trade secret information that has been submitted to any state agency with respect to a tax credit.
(2) Nothing in this Section shall be construed to supercede any provision of R.S. 47:1508 with respect to the confidentiality of taxpayer records."
Enacted June 10, 2013.		 N N Y
Louisiana 2013 All state economic development programs within the Department of Economic Development* 2013 La. HB 422 R.S. 51:935.1 B.(1) The report in each year shall include at least twenty-five percent of the economic development programs within the Department of Economic Development. Each economic development program within the department shall be included in the report at least once every four years. New economic development programs created within the department shall be included in the report not later than two years after the year of creation.
(2) The report shall include, as applicable, the following:
(a) A list of all state economic development programs within the Department of Economic Development, including program title and statutory citation.
(b) A description of the economic development programs covered by the report, including the purposes of the programs, qualifying businesses, type of incentive, and how administered.
(c) For the immediately prior fiscal year, if it is the initial report on a program, and for all fiscal years since the last report on the program, if it is a subsequent report, based upon actual data to the extent available and upon estimates to the extent actual data is not available:
(i) The amount of incentives issued.
(ii) The administrative cost of the program.
(iii) The number of permanent, new and retained, full-time and part-time jobs, amount of associated payroll, amount of capital investment, and any other economic benefit associated with utilization of the program.
(iv) The economic impact of the program, including impact on state tax revenues.
(v) The overall impact of the program.
(d) For the current and next fiscal year, estimates of all of the following:
(i) The amount of incentives to be issued.
(ii) The administrative cost of the program.
(iii) The number of permanent, new and retained, full-time and part-time jobs, amount of associated payroll, amount of capital investment, and any other economic benefit associated with utilization of the program.
(iv) The economic impact of the program, including impact on state tax revenues.
(v) The overall impact of the program.		 N N Y
Louisiana 2018 any state incentive expenditure program 2018 La. SB 13 La. R.S. § 39:16.10 "The commissioner, subject to legislative appropriation, shall establish and maintain the Louisiana Fiscal Transparency Website, a centralized, searchable website, hereinafter to be referred to as “Louisiana Checkbook”, that provides information to the public about data and reports of state expenditures, contracts, incentive expenditures, revenues, and other financial matters. The website shall serve as an interactive portal for the public to access state fiscal information."

"(1) The commissioner shall ensure the website includes an incentives database that is electronically searchable by the public.
(2) The commissioner shall require any state agency that administers an incentive expenditure program to report the information stated in this Section for any incentive expenditure entered into on or after July 1, 2018.
(3) Such information shall be provided no later than six months after the effective date of such incentive expenditures and shall be updated as needed no less than every twelve months thereafter. The state agencies that administer such programs shall provide, or shall require the beneficiaries of each program to provide, sufficient information to satisfy the requirements of this Subsection. The direct recipient shall assume responsibility for reporting the information required in this Section.
B. The incentives database shall have the following functionality:
(1) Search and aggregate incentives by individual recipients and multiple budget units and programs.
(2) Search and aggregate payments to recipients and governmental entities, including the total amount of state payments issued to individual recipients.
C. For the incentives database, the administering state agency shall report in each fiscal year the following information:
(1) The name of the recipient of the incentive expenditure.
(2) The corporate domicile of such recipient.
(3) The estimated net new jobs and/or payroll.
(4) The estimated total capital investment or estimated total Louisiana expenditures, whichever is relevant based upon the incentive expenditure program being reported on.
(5) The annual and total estimated value of the benefits to such recipient.
(6) The official forecast of the incentive expenditure forecast adopted by the Revenue Estimating Conference.
(7) The incentives database shall not include the information that is protected from disclosure pursuant to La. R.S. 44:3.2(C) and La. R.S. 44:22."

Enacted June 8, 2018; effective July 1, 2018. does not include historical details, only expenditures enter into on or after July 1, 2018.		 N Y N
Louisiana 2018 each state agency that administers a tax credit or tax rebate* 2018 La. HB 342 La. R.S. § 47:1517.1 A. The Department of Revenue is required to prepare a tax exemption budget each year that includes state revenue loss for the preceding three years caused by each tax exemption, deduction, exclusion, and credit authorized by law; however, in addition to the Department of Revenue, a number of other state agencies administer tax credits and rebates. Likewise, the legislative auditor’s office has statutory authority to conduct performance audits of state agency programs in order to evaluate the impact, efficiency, effectiveness, and cost-effectiveness of programs and to identify programs that are vital and in the best interests of the citizens of Louisiana. In order for the legislature and the legislative auditor’s office to get accurate and complete information regarding how much tax credits and rebates cost the state, each state agency that administers tax credits and rebates shall report the information required by this Section to the legislature in every even-numbered year.
B. No later than the first day of April each even-numbered year, the head of each state agency that administers a tax credit or tax rebate, referred to in this Section collectively as “tax incentive”, shall prepare and submit to the Senate Committee on Revenue and Fiscal Affairs, the Senate Committee on Finance, the House Committee on Ways and Means, and the House Committee on Appropriations a report regarding each tax incentive that the agency administers. The report shall include an assessment of each tax incentive based on the following criteria:
(1) Whether or not each tax incentive has been successful in meeting the purpose for which it was enacted, in particular, whether each tax incentive benefits those originally intended to be benefitted, and if not, those who do benefit.
(2) Whether or not the state receives a positive return on investment from the business or industry for which the tax incentive is intended to benefit and any other economic benefits produced by such tax incentive.
(3) Unintended or inadvertent effects, benefits, or harm caused by each tax incentive, including whether each tax incentive conflicts with other state laws or regulations.
(4) Beginning in 2019 the reports for tax incentives that include a job creation component shall include the number of employees hired who had a Louisiana driver’s license at the time that they were hired.
(5) Beginning in 2020, in addition to the reports provided for in this Section, the Department of Revenue shall perform a comprehensive return on investment analysis for all tax incentives for which the revenue loss was one million dollars or more in the previous fiscal year. This return on investment analysis shall be performed by the department regardless of which agency administers the tax incentive. The department’s report of the results shall include a ranking of tax incentives by return on investment.		 N N Y
Louisiana 2018 All programs 2018 La. SB 373 La. R.S. § 47:1517 The annual tax exemption budget shall be published on the La Trac website, or any subsequent database that may replace the La Trac system, and shall include the following:
* * *
(d) The tax exemption budget shall also include the following:
(i) The number of businesses which receive each tax exemption, credit, exclusion, refund, preferential tax rate, deferred tax liability, or rebate, hereinafter referred to in this Subsection as the exemption.
(ii) The parish or location of each business which receives a tax exemption; provided, that if fewer than ten businesses receive a particular tax exemption, the tax exemption budget may group such tax exemption with another tax exemption which also has fewer than ten businesses receiving it.
(iii) The information shall be displayed in a manner that identifies:
(aa) The industry group by North American Industry Classification System sector.
(bb) The number of taxpayers by industry.
(cc) The total tax burden by industry group by individual tax before the exemption.
(dd) The total value to each industry group for each exemption.
(ee) The total tax value by each industry group by individual tax of the tax collections after the exemption.
(e) The items contained in Subparagraph (d) of this Paragraph shall be published to the extent that the information is available to the department, on a schedule to be determined by the secretary of the department, beginning with the incentive expenditures, and fully implemented by the date of publication of the Fiscal Year 2018-2019 tax exemption budget on or before March 1, 2020. The secretary shall ensure that the publication shall not include confidential information.		 N Y N