CDFA Louisiana Financing Roundtable Newsletter - August 2016

CDFA Louisiana Financing Roundtable Newsletter - August 2016
August 31, 2016



Feature
LA Resumes State Film Tax Credit Due to Competition From GA This week, Georgia announced filmmakers spent more than $2 billion in the Peach State during the fiscal year just completed. Now, Louisiana is responding by offering nearly $180 million in film tax credits last month. LA Brownfields Program Seeks to Rejuvenate Properties Local officials and business representatives from across northeastern Louisiana gained insight into a program designed to rehabilitate abandoned or unused properties. LA Amends P3 Legislation Granting Authority to DOTD The State of Louisiana has passed a public-private partnership (P3) law to help alleviate a $12.7 billion backlog in highway and bridge maintenance and construction needs across the state. The law authorizes the Louisiana Department of Transportation and Development (DOTD) to utilize P3s to finance projects for qualifying transportation facilities. LA Solar Tax Credit Program Exceeds Cap Louisiana's solar tax credit is among the most generous in the country, covering up to 50 percent of the first $25,000 spent to install a rooftop solar system, or up to $12,500 total. It can be combined with a 30 percent federal tax credit for extra savings. The program had a 2017 sunset, but lawmakers imposed a cap for credits at $25 million. That included a $10 million cap in 2015 and 2016, and a $5 million cap in 2017. New Orleans City Council Vows Scrutiny in Entergy Restructure New Orleans City Council leaders were cautiously optimistic in their reception of a plan to restructure Entergy New Orleans that includes up to $25 million in credits to customers over five years. The council will spend coming months reviewing whether the plan benefits customers.
Upcoming Events
CDFA Louisiana Conference November 1, 2016 - New Orleans, Louisiana Join CDFA for the first annual Louisiana Financing Roundtable Conference on November 1st in New Orleans! In partnership with LPFA, this year's conference will be a kick-off event for CDFA's 30th National Development Finance Summit held on November 2-4 at the Astor Crown Plaza in the French Quarter.
CDFA Spotlight
CDFA Releases Annual Volume Cap Report CDFA is pleased to announce the release of the Annual Volume Cap Report: An Analysis of 2015 Private Activity Bond & Volume Cap Trends. The report provides complete data of the use of volume cap and the issuance of cap-subject private activity bonds nationwide and is featured in The Bond Buyer. Read the Annual Volume Cap Report and explore CDFA's interactive and searchable National Volume Cap Map.
Louisiana News
LA Floods Have Had a Big Impact on Small Farmers Modern Farmer \| Aug. 31 \| Access to Capital \| Agriculture Finance \| Disaster Recovery & Relief \| Food Systems Finance \| State Finance Program \| U.S. Dept. of Agriculture (USDA) Economic Development Secretary Talks Local Input on Tax Credits Shreveport Times \| Aug. 30 \| Tax Credits Acadiana Business Owners Hit Hard by Floods Told of Assistance Programs The Advocate \| Aug. 30 \| Access to Capital \| Disaster Recovery & Relief August 2016 Tax Credits & Incentives Update Horwood Marcus & Berk \| Aug. 30 \| Incentives \| State Finance Program \| Tax Credits Solar Tax Credits Scorch State Budgets Utility Dive \| Aug. 18 \| Energy Finance \| Green Finance >>> SEARCH HEADLINES
Sponsors
Roundtable Partner For information about sponsoring the Louisiana Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.
The Council of Development Finance Agencies is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private and non-profit entities alike. For more information about CDFA, visit www.cdfa.net or e-mail info@cdfa.net.