SLS 11RS-52 ORIGINAL
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Regular Session, 2011
SENATE BILL NO. 63
BY SENATOR MURRAY
TAX/TAXATION. Extends income and corporation franchise tax credit for the
rehabilitation of historic structures. (gov sig)
AN ACT1
To enact R.S. 47:6019(C), relative to income and corporation franchise tax; to provide with2
respect to income and corporation franchise tax credits for costs associated with the3
rehabilitation of historic structures; to provide for certain taxable periods; to provide4
for an effective date; and to provide for related matters.5
Be it enacted by the Legislature of Louisiana:6
Section 1. R.S. 47:6019(C) is hereby enacted to read as follows: 7
ยง6019. Tax credit; rehabilitation of historic structures8
A.(1)(a) * * *9
C. The provisions of this Section shall be effective for the taxable years10
ending prior to January 1, 2016.11
Section 2. Section 3 of Act No. 60 of the 2002 Regular Session of the Legislature12
of Louisiana, as amended and reenacted by Act No. 12 of the 2004 First Extraordinary13
Session of the Legislature of Louisiana and Act No. 182 of the 2007 Regular Session of the14
Legislature of Louisiana, is hereby amended and reenacted to read as follows:15
Section 3. This Act shall be effective July 1, 2002, for all taxable years16
ending prior to January 1, 2012 2016.17 SB NO. 63
SLS 11RS-52 ORIGINAL
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Section 3. This Act shall become effective upon signature by the governor or, if not1
signed by the governor, upon expiration of the time for bills to become law without signature2
by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If3
vetoed by the governor and subsequently approved by the legislature, this Act shall become4
effective on the day following such approval.5
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Angela L. De Jean.
DIGEST
Present law provides a credit against income and corporation franchise tax for the amount
of eligible costs and expenses incurred during the rehabilitation of a historic structure located
in a downtown development or a cultural product district.
Present law provides that the provisions of present law shall be applicable for all taxable
years ending prior to January 1, 2012.
Proposed law retains present law but provides that the provisions of present law shall be
effective for the taxable years ending prior to January 1, 2016.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Adds R.S. 47:6019(C))