SLS 15RS-552 ORIGINAL
2015 Regular Session
SENATE BILL NO. 150
BY SENATOR MORRELL
TAX/TAXATION. Extends income tax credits for the rehabilitation of certain owner
occupied residential structures to 1/1/22. (gov sig)
1 AN ACT
2 To amend and reenact R.S. 47:297.6(C), relative to individual income tax credits; to extend
3 the taxable periods in which the tax credit shall be applicable; to provide for an
4 effective date; and to provide for related matters.
5 Be it enacted by the Legislature of Louisiana:
6 Section 1. R.S. 47:297.6(C) is hereby amended and reenacted to read as follows:
7 ยง297.6. Reduction to tax due; rehabilitation of residential structures
8 * * *
9 C. The provisions of this Section shall be effective for the taxable years ending prior
10 to January 1, 2018 January 1, 2022.
11 Section 2. This Act shall become effective upon signature by the governor or, if not
12 signed by the governor, upon expiration of the time for bills to become law without signature
13 by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
14 vetoed by the governor and subsequently approved by the legislature, this Act shall become
15 effective on the day following such approval.
Page 1 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 150
SLS 15RS-552 ORIGINAL
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Linda Nugent.
DIGEST
SB 150 Original 2015 Regular Session Morrell
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, 2022.
Effective upon signature of governor or lapse of time for gubernatorial action.
(Amends R.S. 47:297.6(C))
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.