LAC 61:I.1937 — Construction Code Retrofitting Deduction

A. General Provisions
1. Pursuant to R.S. 47:293(2)(a)(i), a deduction is allowed for 50 percent of the cost paid or incurred by a taxpayer to voluntarily retrofit the taxpayer’s primary residence to comply with either the State Uniform Construction Code (SUCC) or the FORTIFIED home standards developed by the Insurance Institute for Business and Home Safety (IBHS).
B. Definitions
1. The definitions set forth in R.S. 47:293(2)(a)(1) shall apply for purposes of this Section.
2. In addition, and unless inconsistent with the enabling statute or this Section, the definitions found in LAC 61:I.1935 shall apply to this Section.
C. Documentation Requirements
1. Taxpayers claiming the SUCC deduction must provide the following with their return:
a. proof that the improvements meet SUCC requirements, including copies of relevant SUCC sections and receipts or invoices verifying project costs.
b. a written statement confirming the retrofitting was done voluntarily and not required due to new construction or insurance-related repairs from previous damage.
2. Taxpayers claiming the deduction for retrofitting pursuant to the IBHS FORTIFIED standard must comply with the IBHS certification process as outlined in LAC 61:I.1935(D) and shall submit the following additional information with their return:
a. Form R-90157-B, LFRTCP Qualifying Expenses, as completed by the LFRTCP-approved contractor.
b. the report issued by a FORTIFIED Home Evaluator certifying that the home meets a minimum structural standard and identifying necessary improvements to meet or exceed the FORTIFIED Roof standard.
c. a copy of the signed contract with an LFRTCP-approved contractor.
d. the final invoice issued by the LFRTCP-approved contractor.
e. the FORTIFIED designation issued by IBHS, which lists the date of certification.