Louisiana Bill Would Extend State HTC and Expand Eligibility

Tuesday, April 11, 2023 - 10:00AM

A bill in the Louisiana legislature would extend the state historic tax credit (HTC) and make eligible for the state HTC historic structures that are either individually listed or deemed as a contributing element within a National Register Historic District as well as historic structures in rural areas. H.B. 483 would extend the sunset date for the credit from Jan. 1, 2026, to Jan. 1, 2029, and also defines “rural area,” as a parish with a population of less than 100,000, a municipality with a population of less than 35,000 or an unincorporated area of a parish with a population of 100,000 ore more. Under the bill, properties in rural areas would be eligible for a 30% state credit, while all other recipients would receive a 20% credit.

The 2023 Novogradac Historic Rehabilitation Handbook provides an overview of the HTC and the intricacies of the incentive.

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