Newsflash. The state is broke and needs to make cuts to survive.Perhaps this isn’t as much news as it is a constant state of being for Louisiana.
nfortunately, desperate times often equal desperate measures that do more harm than good. Such was the case with many of our state’s economic development tax credits — the State Historic Tax Credit in particular. It seems each legislative session brings another threat to the credit which improves our downtowns and other historic areas.
This time around, HB 355 and HB 362 by Rep. Barry Ivey, R-Baton Rouge, took aim, in part at these important credits.