BREAKING NEWS Lafayette Police searching for armed robbery suspect near Doiron Drive Full Story
SEVERE WX : Dense Fog Advisory View Alerts

Qualified Historic Building Owners Eligible for Tax Credits

The National Park Service, which manages historical sites, recently designated the downtown Lafayette Central Business District (Le Centre) as a National Register Historic District.

Posted: Nov 3, 2020 1:55 PM

The National Park Service, which manages historical sites, recently designated the downtown Lafayette Central Business District (Le Centre) as a National Register Historic District.

Owners of eligible historic buildings in the new district can apply for federal and state historic commercial tax credits. The district lies within the Downtown Development District, and the tax credits help historic property owners with maintenance and repair costs, typically incurred by historic building owners.

If work is approved in advance and performed according to the Secretary of the Interior's guidelines for rehabilitation, owners may be eligible to receive a 20 percent federal income tax credit and an additional 18 percent state income tax credit on eligible building maintenance and rehabilitation costs.

Costs include roofing replacement or repair, masonry repairs, and most construction costs associated with maintaining or rehabilitating a building to put it back into commerce. Owners interested in applying for tax credits should contact Staff Liaison to the Preservation Commission Roxana Usner in LCG’s Development and Planning Department at 337-291-7193 or rmusner@lafayettela.gov

Lafayette
Partly Cloudy
62° wxIcon
Hi: 76° Lo: 51°
Feels Like: 62°
New Iberia
Cloudy
54° wxIcon
Hi: 74° Lo: 51°
Feels Like: 54°
Ville Platte
Partly Cloudy
59° wxIcon
Hi: 77° Lo: 53°
Feels Like: 59°
Abbeville
Mostly Cloudy
55° wxIcon
Hi: 74° Lo: 53°
Feels Like: 55°
Crowley
Partly Cloudy
63° wxIcon
Hi: 75° Lo: 50°
Feels Like: 63°
St. Martinville
Cloudy
54° wxIcon
Hi: 76° Lo: 50°
Feels Like: 54°
Opelousas
Partly Cloudy
59° wxIcon
Hi: 77° Lo: 49°
Feels Like: 59°
Tracking a warm weekend and rain next week

Community Events