State of Louisiana Residential Tax Credit Program for Historic Buildings
Each year the State makes $10 available for homeowners who rehabilitate their historic home. Homeowners who spend more than $20,000 on a renovation of a historic (owner occupied) property may qualify for up to a 25% tax credit against their Individual State Income Taxes.
- $25,000 credit cap per building.
- One credit per building.
- Rehabilitation costs must exceed $20,000.
- Applications must be submitted to the Division of Historic Preservation prior to completion.
- $250 application fee.
- Work must meet the Secretary of the Interior’s Standards.
- Credits may not be sold and will be lost if the house is sold within five years.
- National Register Districts,
- Individually Listed on the Register or buildings that are eligible for listing on the Register,
- Local Historic Districts,
- Main Street Districts,
- Cultural Districts,
- Downtown Development Districts or,
- Vacant and blighted buildings at least 50yrs. old.
The percentage of credit awarded is based on the homeowner’s Adjusted Gross Income (AGI).
25% credit = AGI less than or equal to $50,000,
20% credit = AGI $50,001 – $75,000,
15% credit = AGI $75,001 – $100,000,
10% credit = AGI $100,001 plus. (Available only for vacant and blighted residential buildings atleast 50yrs. old.)
The Division of Historic Preservation should be contacted early in the planning process. Questions about the application process should be directed to the Tax Incentives Staff in the Division of Historic Preservation at (225) 342-8160. Click below links for more information and an application:
1 Program Guidance
2 Application Instructions and Checklist
3 Preliminary Application