The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Danielle Doiron.
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 provides that the credit also be applied to the insurance
premium tax.
Proposed law authorizes the taxpayer to claim the premium tax credit on their annual premium
tax statement.
Proposed law provides that the tax credit is effective for taxable years ending prior to Jan. 1,
2018.
Effective upon signature of governor or lapse of time for gubernatorial action.
(Amends R.S. 47:297.6(A)(1) and (4); adds R.S. 22:832(F) and R.S. 47:297.6(C) and (D))