La. Admin. Code tit. 13, § I-905 - Application Requirements
A. The
application must be complete (any exceptions must be authorized by C & I
staff). All sections of the application form RTA1 must be filled in. Under
Section 5, submit at least a one paragraph detailed description of the project
with some historical overview, if applicable. For "Estimated No. of Jobs," list
only the net new permanent jobs that will be created as a result of the project
being applied for; do not list permanent jobs that existed prior to the
beginning of the project. In addition all applicable addendum documentation,
listed under "Project Documentation," must be received. The application will be
returned to the applicant if the required information is not
received.
B. 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.
C.
If the construction period is longer than two years, the project must be
divided into two-year phases, and a separate application must be filed for each
two-year increment. A separate application must be filed for each structure
being restored, renovated, improved or developed. Exceptions to this Paragraph
must be approved in advance by the authorized representative of the board, and
approved by the board.
D. The
expansion, restoration, improvement or development of a certified historic
structure shall also 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. As used in this Subsection, the phrase "certified historic
structure" means any building including its structural components, which:
1. is listed on the National Register of
Historic Places; or
2. is located
in a registered historic district and is listed as a contributing element of
that district in the National Register records under authority of the Secretary
of the Interior.
E. The
Board of Commerce and Industry will not consider for tax exemption any
expansion, restoration, improvement or development project if substantial
completion of a commercial project occurred prior to October 15, 1982. For an
owner-occupied residence, construction must not have been started prior to
September 7, 1990.
F. Pursuant to
R.S.
47:4315.A.(4), under no circumstances will
the Board of Commerce and Industry 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.
G. 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 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.
Owner-occupied residence means any structure occupied by the
owner and used principally for residential use including condominium units,
duplexes, and other multiple residence structures. Owner-occupied residence
projects shall not have been started prior to September 1, 1990.
Notes
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