1. A. The application for tax exemption shall be filed electronically with LED within 90 days following the project start date. Failure to file an application within 90 days following the project start date shall result in the application being denied. Pursuant to R.S. 47:4315.A.(4), under no circumstances will the board consider an application for abatement on any project for expansion, restoration, improvement or development once ad valorem taxes have been paid on the basis of an assessed valuation which reflects the improvements made by the project.
2. B. An application fee pursuant to R.S. 36:104 shall be submitted with the application.

3. C. When the expansion, restoration, improvement, or development is to be made to an owner-occupied residence, a contract of exemption shall not be available unless:

   1. 1. a minimum rehabilitation cost equal to or greater than 25 percent of the assessed valuation of the improvements located on the property for the year prior to the commencement of the expansion, restoration, improvement, or development of the owner-occupied residence is incurred by the owner; and such expansion, restoration, improvement, or development is completed within a 24-month period.
4. D. The expansion, restoration, improvement or development must be made to an existing structure and must be located in a downtown development district, economic development district, or historic district.
5. E. The expansion, restoration, improvement or development of a certified historic structure shall be required to meet the National Park Service requirements for restoration projects known as the Secretary of the Interior's "Standards for Rehabilitating Historic Structures"; and, as interpreted by the Louisiana Department of Culture, Recreation, and Tourism, Division of Historic Preservation.

Authority Note

AUTHORITY NOTE: Promulgated in accordance with R.S. 47:4311-4319.

Historical Note

HISTORICAL NOTE: Promulgated by the Department of Commerce, Office of Commerce and Industry, Finance Division, LR 11:98 (February 1985), amended LR 12:665 (October 1986), amended by the Department of Economic Development, LR 18:252 (March 1992), amended by Louisiana Economic Development, Office of Economic Development, LR 52:983 (June 2026).