TAX/TAX REBATES: Authorizes a state and local sales and use tax rebate on the purchase of certain items used in aerospace facilities and activities (EN DECREASE GF RV See Note)

Summary

The law gives state and local sales-and-use tax refunds to owners or contractors of approved aerospace facilities for purchases of equipment and materials used directly in aerospace activities. To qualify, a facility must be certified by Louisiana Economic Development, create at least 200 permanent full-time jobs and spend at least $1 billion in new capital in Louisiana between July 1 2026 and July 1 2031. The rebate is paid annually for eligible purchases made after July 1 2026.

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