Louisiana Bill Would add OZs to Restoration Tax Abatement Program

Monday, April 1, 2019 - 9:45AM

Legislation introduced in the Louisiana House of Representatives would add buildings in opportunity zones to the list of properties eligible to participate in the state’s restoration tax abatement program, which allows property owners to pay property taxes for five years based on the value of their property for the year before its improvement. H.B. 549 would be effective July 1. The bill was assigned to the Ways and Means Committee.

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