Louisiana § RS 51:2399.4 - Modernization tax credit approval
Full text of Louisiana Louisiana Civil Code § RS 51:2399.4 — Modernization tax credit approval, with citation guidance and answers to common questions.
§ RS 51:2399.4. Modernization tax credit approval
A. The department, after consultation with the secretary of Louisiana Works and the secretary of the Department of Revenue, may issue modernization tax credits provided the employer meets the requirements established by Subsection B of this Section. Nothing in this Chapter shall establish a right of the employer to receive retention and modernization tax credits unless approved by the department.
B. The employer shall establish one of the following:
(1) An increase in the increase of maximum capacity or efficiency of the facility of greater than ten percent.
(2) An approved investment from a company with multi-state operations with an established competitive capital project program.
C.(1) No contract shall be executed pursuant to this Chapter with an employer who has defaulted on or otherwise not repaid any loan or other obligation involving public funds nor with any employer who has ever declared bankruptcy under which an obligation of the employer to pay or repay public funds or monies was discharged as part of such bankruptcy.
(2) No contract shall be executed under this Chapter with an employer who is in default on any filing or payment with or to the state or any of its agencies or political subdivisions and in which an assessment or judgment that is final and non-appealable has been rendered, and remains outstanding, in favor of the state, or any of its agencies, or political subdivisions.
Acts 2009, No. 447, §1.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 51:2399.4
What does Louisiana Civil Code § RS 51:2399.4 cover?
Section RS 51:2399.4 ("Modernization tax credit approval") 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 51:2399.4?
A common citation format is "Louisiana Civil Code § RS 51:2399.4" (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 51:2399.4 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.