HB618

Louisiana HB618 increases fees for services provided by Louisiana Economic Development and allows for fee reductions for small businesses.

Louisiana HB618 increases various fees for services provided by Louisiana Economic Development, including fees for advance notifications, loan guaranties, and contract amendments. The bill also establishes a new fee for miscellaneous, unique administrative documents. Additionally, it authorizes the secretary of Louisiana Economic Development to reduce or waive fees for small businesses if they present a financial hardship and are disproportionate to benefits received. The bill mandates inflationary adjustments to certain fees starting in 2029.