State Commercial Tax Credit
Click the pictures above for examples of the Tax Incentives program in action!
To be eligible for the 25% Tax Credit:
The building must be a contributing element to a Downtown Development District (DDD) or a Cultural District.
The building must be used for an income-producing purpose.
Eligible expenses must exceed $10,000
No taxpayer or entity affiliated with that taxpayer may receive more than $5 million in credits for rehabilitation work within a particular DDD.
Rehabilitation must meet the Secretary of the Interior’s Standards for Rehabilitation.
Any unused credit may be carried forward for up to five years.
The credit may be sold to a third party under certain circumstances. Applicants are advised to consult their tax professional in this case.
The Application Process
Applications may be downloaded below
The application is a three part process. Each part requires approval or “certification” by the Division of Historic Preservation.
Part 1:
Documents the building as a certified historic structure and one that is eligible to receive the tax credit.
Part 2:
Describes the proposed rehabilitation project. This should include all work items on which money is being spent.
Part 3:
A Request for Certification of Completed Work, documents that the work was completed according to Standards.
*Please note that this tax credit program has been extended through December 31, 2015*
For more information orJessica G. Richardson .
Mailing Address
P.O. Box 44247
Phone:
(225) 219-9771
Fax:
(225) 342-8173
Email:
jrichardson@crt.la.gov
Application Forms and Helpful Links:
Applications are available upon request from the Division of Historic Preservation. To request a copy click here. If you plan to download the application information, it is highly suggested that you download all of the information that is indicated by the asterisks(*).
For Federal and State Applicants:
When applying for both programs, applicants should submit to DHP a complete Federal application in duplicate and only the cover sheet of each Part of the State application (property information and owner information). All Federal and state forms must be signed and dated.
