Here at Thibodaux Main Street, Inc., we want to help restore Historic Downtown Thibodaux. Offering tax credits encourage the preservation and continued use of historic buildings by offering economic incentives for their rehabilitation. The Louisiana Division of Historic Preservation administers three historic rehabilitation tax credit programs: the Federal 20% Historic Rehabilitation Tax Credit Program and the 25% State Commercial Tax Credit Program, both for income-producing buildings; and, the 18.5% State Residential Tax Credit Program, for owner-occupied historic structures.
These programs have helped preserve many historic buildings throughout Louisiana. They not only offer an incentive to preserve historic buildings, but also act as a major force in economic development. The use of tax credits encourages private sector rehabilitation of historic buildings and is one of the most successful and cost effective community revitalization programs. All three programs generate jobs and create commercial, residential, and industrial spaces within historic buildings.
Click Here for Forms and more Information about Tax Incentives.