SLS 13RS-327 REENGROSSED
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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, 2013
SENATE BILL NO. 197
BY SENATORS RISER AND MORRELL AND REPRESENTATIVES BURFORD AND
PATRICK WILLIAMS
TAX/TAXATION. Extends income tax credits for the rehabilitation of certain owner-
occupied residential structures. (gov sig)
AN ACT1
To enact R.S. 47:297.6(C), relative to individual income tax credits; to extend the taxable2
periods in which the tax credit shall be applicable; to provide for an effective date;3
and to provide for related matters.4
Be it enacted by the Legislature of Louisiana:5
Section 1. R.S. 47:297.6(C) is enacted to read as follows:6
ยง297.6. Reduction to tax due; rehabilitation of residential structures7
* * *8
C. The provisions of this Section shall be effective for the taxable years9
ending prior to January 1, 2018.10
Section 2. This Act shall become effective upon signature by the governor or, if not11
signed by the governor, upon expiration of the time for bills to become law without signature12
by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If13
vetoed by the governor and subsequently approved by the legislature, this Act shall become14
effective on the day following such approval.15 SB NO. 197
SLS 13RS-327 REENGROSSED
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
The original instrument was prepared by Danielle Doiron. The following
digest, which does not constitute a part of the legislative instrument, was
prepared by Martha Hess.
DIGEST
Present law authorizes an individual income tax credit for the amount of eligible costs and
expenses incurred during the rehabilitation of an owner-occupied residential or owner-
occupied mixed use structure located in a National Register Historic District, a local historic
district, a Main Street District, a cultural products district, or a downtown development
district, or such owner-occupied residential structure which has been listed or is eligible for
listing on the National Register, or such structure which has been certified as contributing
to the historical significance of the district, or a vacant and blighted owner-occupied
residential structure located anywhere in the state that is at least 50 years old.
Proposed law retains present law and extends the tax credit to taxable years ending prior to
Jan. 1, 2018.
Effective upon signature of governor or lapse of time for gubernatorial action.
(Adds R.S. 47:297.6(C))
Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Revenue and Fiscal
Affairs to the original bill
1. Removes insurance premium tax from tax credit.
Committee Amendments Proposed by Senate Committee on Finance to the
engrossed bill
1. Technical Amendments.