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Louisiana Moves to Extend Tax Credit for Historic Buildings

June 30, 2020, 10:12 PM

Louisiana lawmakers have agreed to extend a 20% tax credit for the rehabilitation of historic buildings.

Qualifying costs and expenses would be eligible for the credit through Jan. 1, 2026, if the agreement reached Tuesday by both legislative chambers is signed by Gov. John Bel Edwards (D).

  • The program’s cost to the state would be capped at $125 million per year, under the amended legislation (H.B. 4).
  • The House of Representatives unanimously approved the measure, followed by a 35-3 vote in the Senate, on the last day of the Legislature’s special 30-day session.
  • Mississippi would extend a similar ...