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Federal Historic 20% Tax CreditAvailable for properties certified as a historic building in the Downtown Shreveport Historic District or individually listed on the National Register of Historic Places. 20% credit is applicable to renovations and includes labor, materials and architects/engineers fees). Increased to 26% for parishes affected by Hurricane Katrina – costs incurred between August 28, 2005 – January 1, 2009. State Historic 25% Tax CreditAvailable for properties in the Downtown Development District. The credit is calculated at up to 25% of the eligible renovation cost. The tax is capped at $2.5 million per structure. Restoration Tax Abatement (RTA) Freezes property taxes at the base level before improvements, renovations or additions are made for a period of five years with a renewal opportunity for an additional five years. Enterprise Zone Program Provides tax credits and sales and use tax refunds to businesses locating or expanding in designated enterprise zone areas. The business must create a minimum of five new permanent jobs and fulfill other criteria. Louisiana Motion Picture Incentive Program The incentive program involves the rebate of state sales and use taxes to qualified, approved motion picture productions spending in excess of $1,000,000 in Louisiana. Louisiana Music Tax Credit Louisiana offers a Music Tax Credit of 25% on music performed, composed or recorded by a Louisiana musician and music released or published by a Louisiana company domiciled and headquartered in Louisiana. Waiver of Construction Permit Fees for Downtown Properties Construction permit fees can be waived for properties in the Downtown Development District for buildings built before 1960. DSDC Low-Interest Loan Program This financial incentive is designed to provide rehabilitation funds to property owners and small businesses interested in renovating downtown’s older buildings. The 3.5% loans are capped at a maximum of $100,000 with terms up to ten years. Façade Rebate Program Funded and administered by DSDC, this program matches your façade improvement dollar for dollar up to a maximum of $5,000.
Allen Building | Johnson Building |
Rubenstein / Lanford Buildings
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