La. R.S. 47:3203 — Review of exemption applications and reevaluation of existing contract

A. Applications for contracts of exemption shall be addressed to Louisiana
Economic Development. Louisiana Economic Development shall review applications to
determine whether the requirements for an exemption contract have been satisfied and shall
recommend to the Board of Commerce and Industry the appropriate action to be taken. The
Department of Revenue shall aid Louisiana Economic Development in determining whether
the tax information furnished by the applicant is true and correct. Such contracts, in addition
to providing for the exemption herein, shall include but not be limited to such terms and
conditions as shall support new or retained employment goals, investment and growth as
shall, to the satisfaction of the department, board, and governor, promote the goals of
economic development that are the purpose of this Chapter.
B. The Board of Commerce and Industry shall review any recommendations for
exemptions made by Louisiana Economic Development. If the Board of Commerce and
Industry concurs in the recommendation of Louisiana Economic Development, it shall
forward the recommendation to the Department of Revenue with the application, contract,
and all supporting documents. The Department of Revenue shall within ten days after receipt
of the notice file in writing with the Board of Commerce and Industry any objections that it
has to granting the exemption. If no objection is made, the Board of Commerce and Industry
shall send the recommendation to the governor with a finding that no objection was filed by
the Department of Revenue. If any such objection is made, the Board of Commerce and
Industry shall hold a contradictory hearing to determine whether such exemption should be
granted and the Board of Commerce and Industry shall act as arbitrator at such hearing. The
Board of Commerce and Industry shall make its recommendations in writing to the governor
for a final determination. Thereafter, the governor shall make the determination to approve
the contract as submitted within thirty days of its submission.
Acts 1966, Ex.Sess., No. 12, §3. Amended by Acts 1976, No. 381, §1; Acts 1985,
No. 3, §1, eff. May 31, 1985; Acts 1989, No. 491, §1; Acts 1998, No. 60, §1; Acts 2005, No.
403, §1.