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LDR Youth Jobs Tax Credit Applications due May 31, 2022

May 13, 2022

Act 454 of the 2021 Regular Session of the Louisiana Legislature authorizes the Louisiana Youth Jobs Tax Credit (“Youth Jobs”), as provided in R.S. 47:6028. The purpose of the Louisiana Department of Revenue Information Bulletin 22-009 is to provide guidance concerning eligibility and application for the credit.

The Youth Jobs credit provides a one-time nonrefundable income and franchise tax credit for each “eligible youth” hired on or after July 1, 2021, by a business.

The application period for calendar year 2021 began on March 1, 2022, and was originally set to conclude on April 30, 2022. However, a one month extension has been authorized. Businesses have until May 31, 2022, to apply for the Youth Jobs credit for the 2021 calendar year.

Credit Cap

Beginning with the March 1, 2022 to May 31, 2022 application period, Act 454 provides a $5 million per calendar year credit cap on the amount of Youth Jobs credits. For cap administrative purposes, applications will be approved by the Department on a first-come, first-served basis as determined by the received date of a completed Louisiana Youth Jobs Tax Credit Application.

Read LDR RIB 22-009 for full details.

Questions about the content of this Alert should be directed to LCPA State Government Relations Director Linda Babin.