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LA HB145
Bill
Status
6/20/2025
Primary Sponsor
Roger Wilder
Click for details
AI Summary
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Increases the maximum construction code retrofitting income tax deduction from $5,000 to $10,000 per retrofitted residential structure
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Expands eligible costs to include retrofitting to meet fortified home standards of the Insurance Institute for Business and Home Safety, in addition to State Uniform Construction Code compliance
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Deduction equals 50% of voluntary retrofitting costs for existing owner-occupied homes with homestead exemption, excluding rental properties
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Removes the January 1, 2007 start date requirement and removes federal incentives from the offset calculation (only state and municipal incentives now reduce the deduction amount)
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Effective January 1, 2026, applying to taxable periods beginning on or after that date
Legislative Description
Increases the maximum amount of the construction code retrofitting deduction and expands the deduction to cover costs associated with "fortified home" standards compliance (EN DECREASE GF RV See Note)
TAX/INCOME TAX
Last Action
Effective date: 01/01/2026.
6/20/2025