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Louisiana Extends Historic Tax Credit

Wednesday, June 24, 2015 - 7:00AM

Louisiana Gov. Bobby Jindal last week signed a bill into law that extends the sunset date of the state historic tax credit (HTC) from Jan. 1, 2018 to Jan. 1, 2022. H.B. 387 provides a 25 percent credit for eligible costs and rehabilitation expenses incurred before Jan. 1, 2018 and a 20 percent credit thereafter, regardless of the year in which the property is placed in service. The law does not allow credits for rehabilitation costs and expenses that are paid for with state or federal funds, unless those funds are reported as taxable income or are structured as repayable loans.

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