§ 51:2452 — Intent

Louisiana § 51:2452

• Jurisdiction: Louisiana
• Title 51: Trade and Commerce

Text

§2452. Intent
A. It is the intent of the Louisiana Legislature that the quality jobs benefits provided
for in this Chapter in contracts for which an application is filed with the department after
May 1, 2002, should be used primarily as an inducement for businesses to locate or expand
existing operations in Louisiana in accordance with Louisiana Economic Development's
focus on Louisiana's traditional and seed clusters: Advanced Materials; Agriculture, Forest
and Food Technology; Durable Goods (Marine, Automotive, Aviation); Entertainment;
Information Technology; Biotechnology, Biomedical, and Medical Industries serving rural
hospitals; Logistics and Transportation; Oil and Gas and Energy; Headquarters; and
Petrochemical and Environmental Technology. A business operation should be considered
for quality jobs benefits only if the business meets the provisions of R.S. 51:2453(2). It is
the further intent of the Louisiana Legislature that the following should apply to quality jobs
benefits provided both before and after that date:
(1) The state of Louisiana provide appropriate incentives to support employers who
will make significant contributions to the development of the economy of the state of
Louisiana.
(2) The amount of such incentives provided or made available to employers shall be
directly related to the new direct jobs created as a result of the employer locating or
expanding existing operations in the state of Louisiana.
(3) Louisiana Economic Development, the Louisiana Department of Revenue, and
Louisiana Works shall implement the provisions of this Chapter and exercise all powers as
authorized in this Chapter. The exercise of powers conferred by this Chapter shall be
deemed and held to be the performance of essential public purposes.
B. Nothing herein shall be construed to constitute a guarantee or assumption by the
state of Louisiana of any debt of any individual, company, corporation, or association or to
authorize the credit of the state of Louisiana to be given, pledged, or loaned to any
individual, company, corporation, or association.
C. No agency shall incur monetary or personnel costs paid with federal funds for
compliance with the provisions of this Chapter when such use of the funds is prohibited by
federal law.

Legislative History

Acts 1995, No. 1238, §1, eff. July 1, 1995; Acts 1996, 1st Ex. Sess., No. 39, §1, eff. May 7, 1996; Acts 2000, No. 46, §2, eff. June 28, 2000; Acts 2002, 1st Ex. Sess., No. 153, §1, eff. May 1, 2002; Acts 2003, No. 47, §1, eff. May 22, 2003; Acts 2005, No. 326, §1; Acts 2008, No. 743, §7, eff. July 1, 2008; Acts 2009, No. 438, §11(A); Acts 2017, No. 386, §3, eff. June 23, 2017.