Louisiana § RS 24:581 - Incentives database
Full text of Louisiana Louisiana Civil Code § RS 24:581 — Incentives database, with citation guidance and answers to common questions.
§ RS 24:581. Incentives database
A.(1) The auditor shall ensure that the website includes an incentives database that is electronically searchable by the public.
(2) The auditor shall require any state agency that administers an incentive expenditure program to report the information stated in this Section for each incentive expenditure.
(3) The information shall be provided no later than six months after the effective date of the incentive expenditures and shall be updated as needed no less than every three months thereafter. Each state agency that administers such a program shall provide sufficient information to satisfy the requirements of this Subsection.
B. The auditor shall ensure that the incentives database allows the public to do the following:
(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 the recipient.
(3) The estimated net new jobs and payroll, if available.
(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 the recipient.
(6) The official forecast of the incentive expenditure forecast adopted by the Revenue Estimating Conference.
(7) The actual total capital investment or actual total Louisiana expenditures, whichever is relevant based upon the incentive expenditure program, if the information is available.
(8) The annual and total actual value of the benefits to the recipient, if available.
D. The auditor shall ensure that the incentives database does not include information that is protected.
Acts 2023, No. 446, §1, see Act.
Frequently Asked Questions About Louisiana § RS 24:581
What does Louisiana Civil Code § RS 24:581 cover?
Section RS 24:581 ("Incentives database") is part of the Louisiana Civil Code, the codified statutory law of Louisiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Louisiana § RS 24:581?
A common citation format is "Louisiana Civil Code § RS 24:581" (Louisiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Louisiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Louisiana official source linked on this page or consult a licensed Louisiana attorney.
How does Louisiana § RS 24:581 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Louisiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Louisiana.