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)

This bill creates a sales and use tax rebate program for purchases of equipment and materials used in aerospace facilities and activities in Louisiana. To qualify, aerospace facility owners must certify that their projects will create at least 200 new permanent jobs and invest at least $1 billion in the state between July 2026 and July 2031. The rebate applies to purchases made on or after July 1, 2026, and can be claimed annually by eligible contractors and facility owners through the Department of Revenue. If a facility fails to meet its job creation or investment obligations by July 2031, the state can terminate the agreement and require repayment of any rebates already received. The program is administered by Louisiana Economic Development, which certifies facilities and manages agreements that can be renewed for up to 10 additional years.