Given a graph $G=(V,E)$, the longest induced path problem asks for a maximum cardinality node subset $W\subseteq V$ such that the graph induced by $W$ is a path. It is a long established problem with applications, e.g., in network analysis. We propose novel integer linear programming (ILP) formulations for the problem and discuss efficient implementations thereof. Comparing them with known formulations from literature, we prove that they are beneficial in theory, yielding stronger relaxations. Moreover, our experiments show their practical superiority.