Posted: Feb 22, 2010 6:45 AM by APNewsNow
BATON ROUGE, La. (AP) - The state has approved midcity Baton Rouge and downtown Lafayette for cultural products districts. It's a designation that seeks to promote arts development by waiving sales taxes on original works sold within the districts and providing tax credits for rehabilitating the districts' historic buildings.
Kerry Broussard, economic development manager for the Mid City Redevelopment Alliance, tells The Advocate that had been notified by the Louisiana Department of Culture, Recreation and Tourism that Baton Rouge, Lafayette, Minden, Crowley, Lake Charles and Welsh
were approved in the most recent round.
Art patrons in the districts will enjoy a break from the state's 4-cent sales tax when purchasing original works of art.
Information from: The Advocate, http://www.2theadvocate.com
(Copyright 2010 by The Associated Press. All Rights Reserved.)