Enterprise Zone Program. Description: The Louisiana Department of Revenue will accept claims and issue rebates for state sales/use taxes paid on construction materials, machinery, and equipment purchased during the construction period to be used on the approved site of the project indicated on the Enterprise Zone contract. This program does not authorize any state sales/use tax exemption on any purchase. Neither contract holder (RREP) nor any of its contractors or subcontractors is authorized to make tax free purchases from vendor under this program. (See Attachment 1) Qualifying items: Attachment 2 provides a description and associated requirements for qualifying items. Contractor requirements: • Complete the appropriate schedules from Attachment 3 for qualifying items purchased during construction. • Submit completed schedules to Owner with each monthly application for payment for purchases made during the payment period. • Provide legible copies of each invoice on the submitted schedules. • Provide a certification that the 4% Louisiana State sales/use tax has been paid on the items listed on the schedules.
Enterprise Zone Program. Based upon representations made by the Company, the Company and its Operation of the Facility should qualify for the Enterprise Zone program (La.R.S. 51:2451 et seq.), and LED agrees to assist with the application process and support approval by the Board of the Company’s application for incentive benefits thereunder in accordance with the program rules, including sales and use tax rebates or investment income tax credits.
