Program Overview

The Louisiana State Commercial Tax Credit Program is available for income-producing buildings that are at least 50 years old, located within a state-designated cultural district or a downtown development district, and undergoing a rehabilitation with qualified rehabilitation expenditures (QREs) exceeding $10,000. Under this program, 20 percent of the total QREs are returned to the owner in the form of a dollar-for-dollar credit on state income taxes.

Project cap: $5 million in credits per property owner per district per year

For projects pursuing both federal and state credits, the Louisiana State Historic Preservation Office (SHPO) reviews and comments on the applications, but the NPS has the final decision-making authority regarding certification of the completed rehabilitation. For state-only projects, the SHPO has the final decision-making authority. Successful certification of the completed project, and obtaining the subsequent tax benefits, is dependent upon rehabilitation work that meets the Secretary of the Interior’s Standards for Rehabilitation.

Sunset date: December 31, 2021

In Spring 2019, the Louisiana legislature tabled all finance-related bills, including the renewal of the state tax credit. The credit may be renewed in Spring 2020 if the governor, following the October 2019 election, chooses to hold a special legislative session. If not, the credit will be eligible for renewal at the next regularly scheduled legislative session in Spring 2021. MHA is a member of the Louisiana Tax Credit Coalition, which is working diligently to promote and protect the credit.


Who can use the credit?

The Louisiana program is freely transferable and may be carried forward for five years.


Featured projects

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Hotel Peter and Paul

New Orleans, LA
Hotel & Hospitality

Client: ASH NYC/Nathalie Jordi
Built: 1862, ca 1875-1900
Project Costs: $22.6 million
HTC equity: $7.8 million
Completion date: 2018

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The Four Seasons

New Orleans, LA
Mixed Use

Client: Carpenter & Co.
Built: 1967
Project Costs: $450 million
HTC equity: Over $40 million
Estimated Completion Date: 2020