LA SB28

Creates a nonrefundable income tax credit for Louisiana homeowners who install roofs meeting or exceeding Insurance Institute for Business and Home Safety (IBHS) fortified roof standards, with a maximum credit of $10,000 per taxpayer

Caps total credits issued at $10 million per fiscal year, distributed on a first-come, first-served basis, with excess applications rolling over to the following year

Applies to qualifying expenses paid on or after July 1, 2025, for homestead-exempt properties only; excludes new construction, condominiums, and mobile homes

Requires IBHS certification and application to the Department of Revenue between January 1 and June 30 of the year following when the credit is earned; unused credits may be carried forward up to 3 years

Program expires December 31, 2031, and taxpayers cannot combine this credit with grants under R.S. 22:1483.1 or any other state tax benefits for the same expenses