Title 51, Trade and Commerce
0 chapters · 1,237 sections in this title.
La. Rev. Stat. § 51:2386 Short title
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§2386. Short title This Chapter shall be known and may be cited as the "Louisiana Business and Industrial Development Company Act" or the "Louisiana BIDCO Act". Acts 1991, No. 506, §1; Acts 1996, 1st Ex. Sess., No. 30, §3, eff. May 7, 1996; Acts 2004, No. 806, §1.
La. Rev. Stat. § 51:2387 Declaration of purpose
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§2387. Declaration of purpose The purposes of this Chapter are to: (1) Promote economic development by encouraging the formation of business and industrial development companies, a new type of private institution, to help grow the financial services industry in Louisiana, create …
La. Rev. Stat. § 51:2388 Definitions
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§2388. Definitions The following words and phrases as used in this Chapter shall have the following meanings unless a different meaning clearly appears from the context: (1) "Affiliate", when used with respect to a specified person, means any person, other than a natural person, …
La. Rev. Stat. § 51:2389 Regulation, reporting, and examination
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§2389. Regulation, reporting, and examination A.(1) The commissioner shall administer this Chapter. The commissioner may issue orders and promulgate rules and regulations that, in the opinion of the commissioner, are necessary to execute, enforce, and effectuate the purposes of t…
La. Rev. Stat. § 51:2389.1 Guidance by commissioner; advisory opinions
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§2389.1. Guidance by commissioner; advisory opinions A. Advisory opinions and interpretations of the office shall not be considered rules requiring compliance with the rulemaking process under the Louisiana Administrative Procedure Act. B. This Section shall only have prospective…
La. Rev. Stat. § 51:2390 Reports
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§2390. Reports Each licensee, each affiliate of a licensee, and each subsidiary of a licensee shall file with the commissioner such reports as and when the commissioner may reasonably require. A report under this Section shall be in such form and shall contain such information as…
La. Rev. Stat. § 51:2391 Impact information
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§2391. Impact information A. The commissioner shall provide to the House Commerce Committee and Senate Commerce, Consumer Protection, and International Affairs Committee upon their request information on the impact of this Chapter in promoting economic development in this state. …
La. Rev. Stat. § 51:2392 Licensing
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§2392. Licensing A. A Louisiana corporation or Louisiana limited liability company may apply to the commissioner for licensure as a BIDCO. A person other than a Louisiana corporation or Louisiana limited liability company shall not apply for a license. B.(1) After a review of inf…
La. Rev. Stat. § 51:2393 Misrepresenting the meaning or effect of license; prohibited
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§2393. Misrepresenting the meaning or effect of license; prohibited A.(1) A Louisiana corporation or limited liability company that is licensed under another law of this state or under any law of the United States may apply for and be issued a license under this Chapter unless th…
La. Rev. Stat. § 51:2394 Corporate or company matters
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§2394. Corporate or company matters A. The corporate or limited liability company name of each licensee shall include the word "BIDCO". A licensee shall not transact business under a name other than its corporate name or limited liability company name. B.(1) The board of director…
La. Rev. Stat. § 51:2395 Transaction of business
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§2395. Transaction of business A.(1) A licensee providing financing assistance outside of this state shall maintain its headquarters in this state. A licensee that provides financing assistance in this state only shall maintain not less than one office in this state. (2) Each off…
La. Rev. Stat. § 51:2395.1 Legal investments
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§2395.1. Legal investments Any parish, municipality, school board, special district, or political subdivision may legally invest any monies or funds belonging to them or within their control in a BIDCO established pursuant to this Chapter. Nothing contained in this Section with r…
La. Rev. Stat. § 51:2396 Enforcement
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§2396. Enforcement A. If in the opinion of the commissioner, a person violates or there is reasonable cause to believe that a person is about to violate any provision of this Chapter, the commissioner may bring an action in the name of the people of this state in a district court…
La. Rev. Stat. § 51:2397 Certain unlawful activities
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§2397. Certain unlawful activities A.(1) As used in this Chapter, unless the context otherwise requires: (a) "Advisor" means a person who regularly provides legal, accounting, or management services or advice to a licensee. (b) "Associate" means, if used with respect to a license…
La. Rev. Stat. § 51:2398 General provisions
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§2398. General provisions A. This Chapter shall be liberally construed to accomplish its purposes. B. A proceeding to promulgate rules or regulations regarding civil penalties under R.S. 51:2396(I) shall be subject to the Administrative Procedure Act. C. Except as otherwise provi…
La. Rev. Stat. § 51:2399.1 Intent
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§2399.1. Intent A. It is the intent of the Legislature of Louisiana that the modernization benefits provided for in this Chapter should be used primarily as an inducement for businesses to remain in the state and not relocate outside the state and to modernize their existing oper…
La. Rev. Stat. § 51:2399.2 Definitions
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§2399.2. Definitions The following words or terms as used in this Chapter shall have the following meaning, unless a different meaning appears from the context: (1) "Department" means Louisiana Economic Development. (2)(a) "Employer" means a legal person who is engaged in a lawfu…
La. Rev. Stat. § 51:2399.3 Modernization tax credit
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§2399.3. Modernization tax credit A.(1) Except as provided in Subsection B of this Section, an employer may earn and apply for and, if qualified, be granted a refundable credit on any income tax liability owed to the state by the employer seeking to claim the credit, in the amoun…
La. Rev. Stat. § 51:2399.4 Modernization tax credit approval
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§2399.4. Modernization tax credit approval A. The department, after consultation with the secretary of Louisiana Works and the secretary of the Department of Revenue, may issue modernization tax credits provided the employer meets the requirements established by Subsection B of t…
La. Rev. Stat. § 51:2399.5 Promulgation of rules
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§2399.5. Promulgation of rules Louisiana Economic Development, Louisiana Works and the Department of Revenue shall each promulgate such rules, in accordance with the Administrative Procedure Act, as may be necessary to implement the provisions of this Chapter. Acts 2009, No. 447,…
La. Rev. Stat. § 51:2399.6 False or fraudulent information in making application, claim for credit or other instrument; penalties
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§2399.6. False or fraudulent information in making application, claim for credit or other instrument; penalties A. Any person making an application, claim for a tax credit, or any report, return, statement, or other instrument or providing any other information pursuant to the pr…
La. Rev. Stat. § 51:2401 Small Business Innovation Retention Fund; purpose; program administration
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§2401. Small Business Innovation Retention Fund; purpose; program administration A. There is hereby created in the state treasury, as a special fund, the "Small Business Innovation Retention Fund", hereinafter referred to as the "fund". B. The monies in the fund shall be used to …
La. Rev. Stat. § 51:2402 Small Business Innovation Recruitment Fund; purpose; program administration
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§2402. Small Business Innovation Recruitment Fund; purpose; program administration A. There is hereby created in the state treasury, as a special fund, the "Small Business Innovation Recruitment Fund", hereinafter referred to as the "fund". B.(1) The monies in the fund shall be u…
La. Rev. Stat. § 51:2403 Small Business Innovation Fund; purpose; program administration
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§2403. Small Business Innovation Fund; purpose; program administration A. There is hereby created in the state treasury, as a special fund, the "Small Business Innovation Fund", hereinafter referred to as the "fund". B. The monies in the fund shall be used to provide financial as…
La. Rev. Stat. § 51:2404 Repealed by Acts 2006, No
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§2404. Repealed by Acts 2006, No. 713, §4, eff. July 1, 2006.
La. Rev. Stat. § 51:2405 Repealed by Acts 1997, No
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§2405. Repealed by Acts 1997, No. 1116, §2.
La. Rev. Stat. § 51:2406 Repealed by Acts 2006, No
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§2406. Repealed by Acts 2006, No. 713, §4, eff. July 1, 2006.
La. Rev. Stat. § 51:241 Filing of name, mark or device; publication
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§241. Filing of name, mark or device; publication Any person engaged in manufacturing, bottling, selling, or dealing in any beverage, including seltzer or mineral waters, or food in bottles, syphons, fountains, tanks, cases or boxes, with any name, mark or device on such bottles,…
La. Rev. Stat. § 51:242 Unlawful use, cancellation or damage
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§242. Unlawful use, cancellation or damage No person other than the one filing a name, mark or device under R.S. 51:241 shall fill with any liquid or substance of any kind, any bottle, syphon, fountain or tank so marked and distinguished, or deface, erase, or in any way cancel th…
La. Rev. Stat. § 51:2421 Purpose
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§2421. Purpose The purpose of this Chapter is to regulate the use of aftermarket crash parts by requiring disclosure when any use is proposed of an aftermarket, nonoriginal equipment manufacturer's crash part, and by requiring that the manufacturers of such aftermarket crash part…
La. Rev. Stat. § 51:2422 Definitions
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§2422. Definitions A. "Aftermarket crash part" means a replacement for any of the nonmechanical sheet metal or plastic parts which generally constitute the exterior of a motor vehicle, including inner and outer panels. B. "Installer" means an individual who actually does the work…
La. Rev. Stat. § 51:2423 Identification
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§2423. Identification Any aftermarket crash part supplied by a nonoriginal equipment manufacturer for use in this state after the effective date of this Chapter shall have affixed thereto or inscribed thereon the logo or name of its manufacturer. Such manufacturer's logo or name …
La. Rev. Stat. § 51:2424 Disclosure
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§2424. Disclosure A. No insurer shall specify the use of non-OEM aftermarket crash parts in the repair of an insured's motor vehicle, nor shall a repair facility or installer use non-OEM aftermarket parts to repair a vehicle, unless the insured is so advised in writing. B. In all…
La. Rev. Stat. § 51:2425 Enforcement
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§2425. Enforcement Any violation of the provisions of this Chapter shall be enforced through the unfair trade practices provisions of the Insurance Code and shall be enforced by the penalties provided for in said provisions. Acts 1990, No. 765, §1, eff. Jan. 1, 1991.
La. Rev. Stat. § 51:243 Penalty; prima facie evidence
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§243. Penalty; prima facie evidence Whoever violates the provisions of this Subpart shall be fined not less than fifty dollars nor more than five hundred dollars, or imprisoned for not more than thirty days, or both, for the first offense. For each subsequent offense the offender…
La. Rev. Stat. § 51:2451 Short title
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§2451. Short title This Chapter shall be known and may be cited as the "Louisiana Quality Jobs Program Act". Acts 1995, No. 1238, §1, eff. July 1, 1995.
La. Rev. Stat. § 51:2452 Intent
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§2452. Intent A. It is the intent of the Louisiana Legislature that the quality jobs benefits provided for in this Chapter in contracts for which an application is filed with the department after May 1, 2002, should be used primarily as an inducement for businesses to locate or e…
La. Rev. Stat. § 51:2453 Definitions
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§2453. Definitions The following words or terms as used in this Chapter shall have the following meaning, unless a different meaning appears from the context: (1) "Benefit rate" means the following percentages: (a) For new direct jobs created that pay at least eighteen dollars pe…
La. Rev. Stat. § 51:2454 Rebate approval
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§2454. Rebate approval A. The state Board of Commerce and Industry, or its successor, after consultation with the secretaries of Louisiana Works and the Department of Revenue, with the approval of the governor, may enter into a contract with an employer complying with the provisi…
La. Rev. Stat. § 51:2455 Quality jobs incentive rebates
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§2455. Quality jobs incentive rebates NOTE: Subsection A as amended by Acts 2015, No. 126, §2, eff. through June 30, 2018. See Acts 2016, 1st E.S., No. 28. A.(1) An employer who has entered into a contract may receive a rebate for the taxable periods specified in the contract ent…
La. Rev. Stat. § 51:2456 Rebate; payments
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§2456. Rebate; payments A. The rebates authorized in this Chapter shall be paid annually after the employer has filed its application for annual rebate at the end of the employer's fiscal year with Louisiana Economic Development and the department has determined from the informat…
La. Rev. Stat. § 51:2457 Filing claim to receive Quality jobs rebate; determination; repayment
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§2457. Filing claim to receive Quality jobs rebate; determination; repayment A. Payroll rebate. (1) After the end of the fiscal year of an employer for which an employer has qualified to receive a payroll rebate, the employer shall file an application for the annual rebate as req…
La. Rev. Stat. § 51:2458 Employers receiving rebates not eligible to receive certain other tax credits and
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§2458. Employers receiving rebates not eligible to receive certain other tax credits and exemptions Notwithstanding any other provision of law and except as provided in R.S. 51:2456(B), a qualified employer who receives a rebate pursuant to the provisions of this Chapter shall no…
La. Rev. Stat. § 51:2459 Promulgation of rules
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§2459. Promulgation of rules Louisiana Economic Development, the Department of Revenue, and Louisiana Works shall each promulgate such rules as may be necessary to implement the provisions of this Chapter. However, prior to such rules taking effect all rules shall be approved by …
La. Rev. Stat. § 51:2460 False or fraudulent information in making application, claim for rebate, or other instrument; penalties
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§2460. False or fraudulent information in making application, claim for rebate, or other instrument; penalties A. Any person making an application, claim for a rebate, or any report, return, statement, or other instrument or providing any other information pursuant to the provisi…
La. Rev. Stat. § 51:2461 §2461
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§2461. §2461. Application deadline No new advance notifications under this Chapter shall be accepted by Louisiana Economic Development after June 30, 2025. However, an employer that was approved by the department to receive incentives under the program on or before June 30, 2025,…
La. Rev. Stat. § 51:2462 Applicability to existing contracts
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§2462. Applicability to existing contracts A. The provisions of this Chapter, as amended by Act No. 387 of the 2007 Regular Session, shall apply to every contract executed on or after June 30, 2007, except as provided for in Subsection B of this Section. B. The provisions of this…
La. Rev. Stat. § 51:2601 Title
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§2601. Title This Chapter shall be known and may be cited as the "Louisiana Equal Housing Opportunity Act". Acts 1991, No. 527, §1, eff. Jan. 1, 1992; Acts 1997, No. 1141, §1, eff. July 1, 1999.
La. Rev. Stat. § 51:2602 Policy
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§2602. Policy A. The legislature finds and declares that persons in this state who seek a place to live should be able to find such housing whenever it is available. Further, in many localities there may be housing shortages. All persons should therefore be able to compete for av…
La. Rev. Stat. § 51:2603 Definitions
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§2603. Definitions As used in this Chapter: (1) "Aggrieved person" includes any person who: (a) Claims to have been injured by a discriminatory housing practice; or (b) Believes that he will be injured by a discriminatory housing practice that is about to occur. (2) "Complainant"…