DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part of the
legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law
or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HB 83 Engrossed 2019 Regular Session Jimmy Harris
Abstract: Extends the sunset for the tax credit for the rehabilitation of nonresidential historic
structures from Jan. 1, 2022 to Jan. 1, 2026.
Present law authorizes an income or corporation franchise tax credit for the amount of eligible costs
and expense incurred during the rehabilitation of a historic structure located in a downtown
development district or cultural district.
Present law provides that the amount of the credit shall equal 25% of eligible costs and expenses
incurred prior to Jan. 1, 2018, and the amount of the credit shall equal 20% of eligible costs and
expenses incurred on or after Jan. 1, 2018, but before Jan. 1, 2022. No credit is authorized for
expenses incurred on or after Jan. 1, 2022.
Proposed law retains present law as it pertains to the amount of the credit but extends the eligibility
date of expenses from before Jan. 1, 2022, to Jan. 1, 2026, and extends the sunset date of the
program from taxable years ending prior to Jan. 1, 2022, to taxable years ending prior to Jan. 1,
2026.
Effective upon the signature of the governor or lapse of time for gubernatorial action.
(Amends R.S. 47:6019(A)(1)(a) and (C))