Skip to main content

LDR Credit Taxes Paid and Restore LA Loan Program

August 17, 2023

LDR Credit Taxes Paid to Other States

The Louisiana Department of Revenue (LDR) has issued guidance on Act 413.

Act 413 of the 2023 Regular Session of the Louisiana Legislature (“Act 413”) makes permanent the safeguards established by Act 109 of the 2015 Regular Session of the Louisiana Legislature (“Act 109”). Act 413 also provides clarification regarding the deduction authorized in La. R.S. 47:33(6). The purpose of this bulletin is to provide additional guidance concerning eligibility and the calculation of the credit in light of the changes made by Act 413.

Restore Louisiana Disaster Recovery Funds Lending Program

The Restore Louisiana Small Business Loan Program is designed to assist in the recovery of businesses impacted by Hurricanes Laura, Delta, Ida, and/or the May Storms of 2021 with non-construction expenses.

The Louisiana Office of Community Development – Disaster Recovery Unit has selected the South Central Planning and Development Commission (SCPDC) as an organization to administer its disaster recovery funds in the form of a lending program to eligible businesses and/or non-profit organizations.

Eligibility requirements, program information, and application guides are available on the SCPDC website

DEADLINE: December 31, 2023

Questions about the content of this Alert should be directed to LCPA Government Relations Director  Linda Babin