Restoration Tax Abatement (Louisiana)
Last modified on February 12, 2015.
|Applies to States or Provinces||Louisiana|
|Name||Restoration Tax Abatement (Louisiana)|
|Policy Category||Financial Incentive|
|Policy Type||Property Tax Incentive|
|Affected Technologies||Fuel Cells, Solar Photovoltaics, Wind energy|
|Implementing Sector|| State/Province
|Program Administrator||Louisiana Economic Development|
|Primary Website|| https://opportunitylouisiana.com/page/restoration-tax-abatement
| Last Substantive Modification
Restoration Tax Abatement (RTA) Program provides five-year property tax abatement for the expansion, restoration, improvement, and development of existing commercial structures and owner-occupied residences. The program grants a five-year deferred assessment of the ad valorem property taxes on renovations and improvements. Equipment that becomes an integral part of the structure can qualify for this exemption. The structure must be located in Downtown Development Districts, Economic Development Districts, or Historic Districts.
|Contact Name||Becky Lambert|
|Department||Louisiana Economic Development|
|Address||1051 Third Street|
|Place||Baton Rouge, Louisiana|