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 the Louisiana Division of Historic Preservation early in your planning process through their website or by telephone at 225-342-8160.