|OLG and DCRT
2014-15 through 2018-19
The Atchafalaya Heritage Area has been designated by Congress as a National Heritage Area.
The State Residential Tax Credit was created in 2005 by the Louisiana Legislature to encourage the redevelopment of owner-occupied historic homes in Louisiana. The credit, either 18.5% or 36%, depending on building type, is available for those qualified historic buildings located in:
Those buildings that are listed individually in the National Register of Historic Places or eligible for individual listing in the National Register may also be eligible for application to the State Residential Tax Credit Program. Please visit the Louisiana National Register website for further information on listing a building in the National Register of Historic Places.
Additionally, any building in Louisiana that is at least 50 years old and is determined to be vacant and blighted is eligible for application to the State Residential Tax Credit Program. Further information on determining whether a building is vacant and blighted may be found in the State Residential Tax Credit Program Guidelines.
The State Residential 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. Information on costs that generally qualify can be found in the Frequently Asked Questions section. Once earned, the credit is divided evenly and awarded over a five year period. If the home is sold or is no longer the owner's primary residence during this period, the remaining portion of the credit if forfeited.
This program currently sunsets December 31, 2017.
State Residential Tax Credit Application
The application is a three-part process. Each part requires approval or "certification" by the Division of Historic Preservation. For a project to be eligible, the Part A must be submitted before the rehabilitation project has been completed and the building placed in service. Please read the Program Guidelines and Instructions and Checklist prior to completing the application(s).
The Secretary of the Interior's Standards for Rehabilitation provides a list of ten guidelines that must be 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.
The Louisiana Department of Revenue provides information on the financial implications of using the State Residential Tax Credit Program. LDR has issued a wealth of guidance on various tax topics.
A private letter ruling is a written statements 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 specific situation.
Revenue Information Bulletins
Revenue information bulletins are issued by the Department of Revenue to clarify internal procedures and to clarify laws. LDR has issued one Revenue Information Bulletin on the effects of Act 125 of the Regular Legislative Session on the State Residential Tax Credit Program.
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