RÉSUMÉ DIGEST
ACT 262 (SB 183) 2023 Regular Session Talbot
Existing law provides for a construction code retrofitting individual income tax deduction
for a taxpayer who voluntarily retrofits an existing residential structure upon which the
taxpayer claims a homestead exemption.
New law retains existing law.
Existing law provides for the Louisiana Fortify Homes Program within the Department of
Insurance which allows the commissioner of insurance to make financial grants to retrofit
the roofs of insurable property.
New law retains existing law.
Existing law prohibits a taxpayer from receiving any other tax credit, exemption, exclusion,
deduction, or any other tax benefit for items of tangible personal property for which the
taxpayer has received the construction code retrofitting deduction.
New law authorizes a taxpayer claiming the construction code retrofitting deduction to
additionally receive a grant through the Louisiana Fortify Homes Program and otherwise
retains existing law.
Applicable to taxable years beginning on or after January 1, 2023.
Effective June 12, 2023.
(Amends R.S. 47:293(2)(f))