Restoration Tax Abatement

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.

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:

Frank Favaloro
225.342.5402
ffavaloro@la.gov