SLS 19RS-478 ORIGINAL
2019 Regular Session
SENATE BILL NO. 222
BY SENATOR RISER
TAX/TAXATION. Extends the sunset of tax credit for rehabilitation of historic structures.
(gov sig)
1 AN ACT
2 To amend and reenact R.S. 47:6019(A)(1)(a) and (C), relative to the tax credit for the
3 rehabilitation of historic structures for commercial property; to extend the sunset of
4 the tax credit; to provide for an effective date; and to provide for related matters.
5 Be it enacted by the Legislature of Louisiana:
6 Section 1. R.S. 47:6019(A)(1)(a) and (C) are hereby amended and reenacted to read
7 as follows:
8 ยง6019. Tax credit; rehabilitation of historic structures
9 A.(1)(a) There shall be a credit against income and corporation franchise tax
10 for the amount of eligible costs and expenses incurred during the rehabilitation of a
11 historic structure located in a downtown development or a cultural district. The
12 amount of the credit shall equal twenty-five percent of the eligible costs and
13 expenses of the rehabilitation incurred prior to January 1, 2018, regardless of the
14 year in which the property is placed in service. The amount of the credit shall equal
15 twenty percent of the eligible costs and expenses of the rehabilitation incurred on or
16 after January 1, 2018, and before January 1, 2022 2026, regardless of the year in
17 which the property is placed in service. No credit is authorized pursuant to this
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. 222
SLS 19RS-478 ORIGINAL
1 Section for expenses incurred on or after January 1, 2022 2026.
2 * * *
3 C. The provisions of this Section shall be effective for the taxable years
4 ending prior to January 1, 2022 2026.
5 Section 2. This Act shall become effective upon signature by the governor or, if not
6 signed by the governor, upon expiration of the time for bills to become law without signature
7 by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
8 vetoed by the governor and subsequently approved by the legislature, this Act shall become
9 effective on the day following such approval.
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Leonore Heavey.
DIGEST
SB 222 Original 2019 Regular Session Riser
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 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))
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.