TAX CREDITS: Establishes a corporate income tax credit for certain broker-dealer financial businesses (OR DECREASE GF RV See Note)

HB 129 creates a corporate income tax credit for broker-dealers relocating or establishing a home office in Louisiana's downtown development or cultural districts. The credit equals 50% of a qualifying broker-dealer's corporate income tax liability for the following year, provided they manage over $500 million in assets, employ more than 200 workers averaging $50,000+ annually (excluding benefits), and are regulated by FINRA. Applicants must submit a contract with Louisiana Economic Development, which annually verifies continued eligibility. The credit expires for new contracts after 2035 and applies to tax years beginning in 2026.