LAC 13:I.4507. Certification of Qualifying Relocation Costs and Rebate Payment

A. The qualified business must provide LED with a cost report detailing all relocation costs upon completion of the relocation or expansion. LED will review the cost report and certify a dollar value of relocation expenditures eligible for the rebate. LED may require an audit of the relocation costs at the expense of the qualified business. B. The rebate shall be claimed by the business in equal installments over a five year period of time. 1. No payment of a rebate shall be made in the same fiscal year in which the contract is approved by the Joint Legislative Committee on the Budget. 2. The business shall claim the rebate on a form prescribed by the Secretary of the Louisiana Department of Revenue. 3. A request for rebate may not be made more than 30 days prior to the business’s right to receive the rebate.