Legislation Making OZs Eligible for Tax Abatement Program Goes to Louisiana Governor

Tuesday, June 4, 2019 - 12:00pm

Legislation to add opportunity zones (OZ) to the list of areas eligible for the Louisiana Restoration Tax Abatement Program unanimously passed both houses of the state Legislature and is now on Gov. John Bel Edwards’ desk. H.B. 585 would make OZs eligible for the program beginning July 1. The program provides an abatement from property taxes for up to 10 years for the expansion, restoration, improvement or development of structures in designated areas.