Louisiana Regulations Clarify State HTC Details

Monday, November 26, 2018 - 10:30am

The Louisiana Department of Revenue adopted regulations to clarify eligible costs and expenses for state historic tax credit (HTC) expenses incurred during the rehabilitation of a historic structure in a downtown development district or cultural district. The regulations also provide definitions, the application procedure, an appeal process and a procedure for claiming or transferring the state HTC. The credit was for 25 percent of costs incurred before Jan. 1, 2018, and 20 percent thereafter.