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A program of the LouisianaCultural Economy Initiative
Under the direction of the Office of the Lt. Governor through the
Office of Cultural Development
Cultural Economy Initiative
Sustaining the people who create and preserve artistic and cultural products
and assets
Enhancing capacity for production
Developing new markets for their creations
Program PurposeFor local governments to revitalize
communities by creating locally driven hubs of cultural activity
BenefitsIncreased cultural activity, occupancy,
commerce, jobs, and sense of community identity
Program Incentives1. Historic Preservation – expands
eligibility of state historic tax credits for rehabilitation of commercial and residential structures to cultural districts
2. Visual Arts and Crafts – state and local sales tax shall not apply to original, one-of-a-kind works of art
Tax Credit Programs*1.State Residential Tax Credit2.State Commercial Tax Credit3.If applicable, Federal Historic
Rehabilitation Tax Credit for Commercial Buildings
Check www.louisianahp.org for details
*Separate applications by property owner required
Historic Preservation
Visual Art Sales Tax Exemption
Original One-of-a-kind Visual Art or Fine Crafts Conceived and made by hand
of artist or under his direction Not intended for mass
production
Original art must meet all 5 of the following points:
2013 Annual Report Results
• Rehabilitation Historic Buildings– 891 commercial, 319 residential applications.
• Sales Tax Exemptions– 761 businesses, 240 organizations, and 5,327 artists benefitted, representing over $14 million of original art sales
• Hubs of Cultural Activity– 2,818 cultural events, 3.9 million people
• Vacant Buildings– Vacancy rate decreased by 2% - 15%
• New Businesses– 362 net growth in cultural businesses
• Program Recognition as Model– Mayors' Institute on City Design's (MICD), Creative Placemaking
www.crt.la.gov/cultural-development/arts/cultural-districts
Gaye Hamilton, Cultural District Program Manager
at Phone: 225.342.8161 or Email:
For Tax Credits: Andrea McCarthy, Tax Credit Program at
Phone: 225.219-9771 or [email protected]