OLG and DCRT
Strategic Plan
2014-15 through 2018-19

         

Did you know?

The 25% State Commercial Tax Credit was created in 2002 by the Louisiana Legislature to encourage the redevelopment of income-producing historic buildings in Louisiana's Downtown Development Districts. In 2007, the enabling program legislation was amended to allow historic buildings located in certified Cultural Districts to be program-eligible.

The 25% State Commercial Tax Credit Program is jointly administered by the Louisiana Division of Historic Preservation and the Louisiana Department of Revenue. The Louisiana Division of Historic Preservation acts as an applicant's first point of contact and reviews applications for compliance with the Secretary of the Interior's Standards for Rehabilitation; the Louisiana Department of Revenue reviews project costs. The credit is available for those income-producing buildings that are contributing elements to Downtown Development Districts or certified Cultural Districts. Rehabilitation projects must exceed $10,000 in qualified rehabilitation expenses and must be completed according to the Secretary of the Interior's Standards for Rehabilitation. Once earned, credits are fully transferable and may be carried forward for up to five years.

State-Commercial-Booklet-Cover

 


 

State Commercial Tax Credit Application

These downloadable, fillable PDF forms work best with Adobe Acrobat Reader 10 and above. DO NOT open the forms in a browser tab or window. DOWNLOAD the forms and SAVE them to your computer. To download and save, right-click on the link and chose "Save Link As..." Open the forms in the Adobe Acrobat Reader.

Part 1 - Certification of
Contributing Status
 Part 2 - Proposed Work
Description
 Part 3 - Request for
Project Certification
STC-Application-Part-1-Cover-10-24-14 STC-Application-Part-2-Cover-10-24-14 STC-Application-Part-3-Cover-10-14-14
     
Fee Payment
Information
 Continuation/Amendment
Sheet
  
 Fee-Worksheet-Cover-10-24-14 STC-Application-Amendment-Cover-10-24-14  

 


 

The Secretary of the Interior's Standards for Rehabilitation

SOI Standards Interior

The Secretary of the Interior's Standards for Rehabilitation provides a list of ten guidelines that must be met when rehabilitating a historic property for its new, modern use. These Standards must be considered when planning a project that may be eligible for historic rehabilitation tax credits.

 

 

 

 

 


 

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Buildings that are at least 50 years old and located within the boundaries of certified Cultural Districts may be eligible for the 25% State Commercial Tax Credit Program.

 

 

  

 


 

Louisiana Downtown Development Districts

Buildings that are at least 50 years old and located within the boundaries of Louisiana's Downtown Development Districts may be eligible for the 25% State Commercial Tax Credit Program. 

 


 

 

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The Louisiana Department of Revenue provides information on the financial implications of using the 25% State Commercial Tax Credit Program. LDR has issued a wealth of guidance on buildings that are considered qualified for the program and also on how to properly prepare audit information. 

Private Letter Rulings

A private letter ruling is a written statement issued by the Louisiana Department of Revenue to a taxpayer applying principles of law to the taxpayer's specific set of facts. This type of policy statement is issued only if there is no other guidance that addresses the correct application of the legal principles to the taxpayer's particular situation. LDR has issued a number of private letter rulings on previous historic tax credit issues.

PLR 08-023 Credit for the Rehabilitation of Historic Structures in Downtown Development Districts

PLR 08-017 Historic Rehabilitation Credit

PLR 07-017 Credit for the Rehabilitation of Historic Structures in Downtown Development Districts

PLR 06-001 Historic Rehabilitation Tax Credit Earned by a Downtown Development District

Revenue Information Bulletins

Revenue information bulletins are issued by the Department of Revenue to clarify internal procedures and to clarify laws. LDR has issued two Revenue Information Bulletins on the financial record keeping that must be submitted to their office in order for an applicant to access the 25% State Commercial Tax Credit.

RIB 14-007-A Louisiana Rehabilitation of Historic Structures Tax Credit for Projects Less Than $500,00 of Eligible Costs and Expenses

RIB 14-007 Louisiana Rehabilitation of Historic Structures Tax Credit

RIB 14-005 Louisiana Tax Credit Registry

RIB 13-022 Historic Rehabilitation Tax Credit Changes

RIB 13-021 Louisiana Tax Credit Registry Transfer Notices and Fees

 


 

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Some projects may be eligible for both the Federal and State Commercial Rehabilitation Tax Credit Programs. The most stringent program requirements must be met to qualify for both tax credits.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

Contact Information
Phone (225) 342-8160
Fax (225) 219-9772
Mailing Address: Tax Incentives Staff, Division of Historic Preservation, P.O. Box 44247, Baton Rouge, LA  70804
Overnight Mail: Tax Incentives Staff, Division of Historic Preservation, 4th Floor, 1051 N. Third Street, Baton Rouge LA  70802