Properties and business owners located in the Main Street Business District may be eligible for Louisiana Main Street Training and Technical Services.

 

Plaquemine Main Street Program (225-687-3116)

 

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Louisiana Main Street offers an annual Redevelopment Incentive Grant Program. Louisiana Main Street Redevelopment Incentive Grant is a program that is intended to be a catalyst for the rehabilitation of the exteriors and interiors of historic commercial buildings located within the downtown areas of designated Louisiana Main Street cities. Awarded on an annual basis, the reimbursable grant requires that a matching amount be provided by the property owner or tenant, and the project is reviewed by the Louisiana Division of Historic Preservation to ensure conformance with the Secretary of the Interior's Standards for Rehabilitation. The grant application is due to the local Main Street Program office for the Plaquemine Historic District Commission review. Upon approval the application is submitted to the State office. The grant work time line is from September to April. The grant is due to the Plaquemine Main Street Office by May.

 

For more information please contact Louisiana Main Street Office at 225-342-8162 or visit the Louisiana Main Street Program website.

 

Properties may also qualify for the following:

 

Historic Rehabilitation Tax Incentives on the federal and state level are available. Such if a building is not located within an historic district and was constructed prior to 1936, it may qualify for a 10% tax credit if restoration is substantial–exceeding the adjusted basis of the property (purchase price less the value of the land).

For additional information on rules and regulations contact Louisiana Division of Historic Preservation (225) 342-8160 or visit the Louisiana Division of Historic Preservation website.

Downtown Five-Year Property Tax Abatement on Improvements to Structures
When renovation has not yet begun, five-year property tax abatement on improvements to structures is available, with a five-year option for renewal.  Existing structures in downtown, historic, or economic development districts are eligible. For additional information on rules and regulations, contact the Louisiana Economic Development, Business Incentives Services  or call (225) 342-5402.

Downtown State Residential Historic Tax Credit
New law establishes an individual income tax credit for restoring owner-occupied residential or mixed-use structures up to $25,000 per structure based on the homeowner’s adjusted gross income

 

Click here for Historic Rehabilitation Tax Incentive Program (pdf file)