Overview
The 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.
Benefits
Grants a five-year deferred assessment of the ad valorem
property taxes assessed on renovations and improvements.
Taxes based on assessed valuation of property prior to beginning
of improvements.
Equipment that becomes an integral part of that structure can
qualify for this exemption.
The program does not exempt the acquisition cost of the
structure.
Eligibility
Commercial property owners and homeowners must expand, restore,
improve or develop an existing structure in Downtown Development
Districts, Economic Development Districts or Historic Districts;
properties listed on the National Register of Historic Places are
also eligible
Note: An Enterprise Zone or Economic Development Zone is not a
qualifying district.
For comprehensive rules and details on eligibility, please
review Related Content below and contact the
appropriate administrator.
How to Apply
Login to FastLane and fill out an Advance Notification
form. The form should be filed before any construction activity, as
some local governments may not be conducive to granting requests
for this tax exemption if the project has already begun.
View the RTA Fee Sheet below for information on fees associated
with this application.
Related Content
Forms with an asterisk (*) may also be filled out online through
FastLane.
Form Samples:
Amendments to Current Contracts:
Administration
This program is administered by Louisiana Economic Development
through the Board of Commerce & Industry.
For information regarding the Restoration Tax Abatement program,
contact the program administrators:
Shamelda Pete
225.342.5341
spete@la.gov
