Carrollton-Riverbend Neighborhood Association (CRNA)

A large part of our geography is contained within the “Oak Street Music and Gallery Corridor Cultural District”.

In 2007, the Louisiana Legislature passed Act 298, creating the state’s Cultural Districts program. It provides tax incentives to spark community revitalization based on cultural activity. As a result of this legislation, within designated Cultural Districts, sales of original, one-of-a-kind works of art are exempt from both state and local sales and use taxes. Also income and corporate franchise tax credits are allowed for eligible expenses for rehabilitation of owner-occupied or revenue generating structures in a Cultural District.

There are more than a dozen Cultural Districts across New Orleans and more across the state.

Filed under: commercial dev, Oak Street, quality of life |