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Louisiana Governor Signs Bill Adding OZs to Areas Eligible for Tax Abatement

Wednesday, June 26, 2019 - 10:15AM

Louisiana Gov. John Bel Edwards signed legislation adding opportunity zones (OZ) to the list of areas eligible for the Louisiana Restoration Tax Abatement Program. H.B. 585 passed both houses of the state Legislature unanimously and became effective June 11. The bill adds OZs to the list of areas eligible for an abatement from property taxes for up to 10 years for the expansion, restoration, improvement or development of structures.

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