SLS 11RS-52 ENGROSSED
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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 amend and reenact Section 3 of Act No. 60 of the 2002 Regular Session of the2
Legislature of Louisiana, as amended and reenacted by Act No. 12 of the 2004 First3
Extraordinary Session of the Legislature of Louisiana and Act No. 182 of the 20074
Regular Session of the Legislature of Louisiana, and to enact R.S. 47:6019(C),5
relative to income and corporation franchise tax; to provide with respect to income6
and corporation franchise tax credits for costs associated with the rehabilitation of7
historic structures; to provide for certain taxable periods; to provide for an effective8
date; and to provide for related matters.9
Be it enacted by the Legislature of Louisiana:10
Section 1. R.S. 47:6019(C) is hereby enacted to read as follows: 11
ยง6019. Tax credit; rehabilitation of historic structures12
A.(1)(a) * * *13
C. The provisions of this Section shall be effective for the taxable years14
ending prior to January 1, 2016.15
Section 2. Section 3 of Act No. 60 of the 2002 Regular Session of the Legislature16
of Louisiana, as amended and reenacted by Act No. 12 of the 2004 First Extraordinary17 SB NO. 63
SLS 11RS-52 ENGROSSED
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Session of the Legislature of Louisiana and Act No. 182 of the 2007 Regular Session of the1
Legislature of Louisiana, is hereby amended and reenacted to read as follows:2
Section 3. This Act shall be effective July 1, 2002, for all taxable years ending prior3
to January 1, 2012 2016.4
Section 3. This Act shall become effective upon signature by the governor or, if not5
signed by the governor, upon expiration of the time for bills to become law without signature6
by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If7
vetoed by the governor and subsequently approved by the legislature, this Act shall become8
effective on the day following such approval.9
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Angela L. De Jean.
DIGEST
Murray (SB 63)
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))