Are you thinking of rehabilitating a building in Louisiana that is 50+ years old? Did you know your reno expenditures may qualify for federal and state tax credits?
Federal and State tax credits are available to owners who rehabilitate buildings that are located in a Certified Cultural or Downtown Development District, which includes most of Orleans Parish. A tax credit is a dollar-for-dollar offset of income taxes that would otherwise have to be paid. The state tax credits are also available to be transferred to another party meaning non-profit organizations could benefit as well. Eligible expenditures on income producing properties could receive 20% federal credit and 20% state credit. Call us. We can walk you through the steps to determine if and how your project qualifies.
Over forty years of service industry marketing and sales experience. As leader in new business development for the firm, Mr. Engler is responsible for coordinating all sales, marketing, promotion and public relations activities.
Latest posts by Don Engler
- Beating the $10,000 State Tax Deduction Cap - September 19, 2019
- Commercial Property Renovation Windfall – Audit Manager Kathy Flattmann Highlights Your Opportunities for Historic Tax Credits. - September 4, 2019
- Taxes and Trusts – Tax Manager Melissa Chauvin Outlines the Opportunities and Traps in the New Tax Law. - September 3, 2019