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How does the Restore Louisiana affect my Louisiana state income tax? Pursuant to IRC Section 139, qualified disaster relief payments are excluded from gross income.
All nonresident and part-year resident individuals must file Schedules NRPA-1 and NRPA-2 along with Form IT-540B electronically if he or she is a professional athlete who earned income as a result of services rendered within Louisiana and is required to file a federal individual income tax return.
The Restore Louisiana Homeowner Assistance Program provides grant funding to homeowners affected by 2020-21 Storms for home repairs, reconstruction and/or reimbursement for repairs already completed.
IHP includes grants for housing assistance for either temporary housing and/or home repairs, and other needs assistance (ONA). ONA can include assistance for personal property, medical, dental, transportation and other personal or special needs to help people recover from a disaster.
Restore Louisiana is funded through federal CDBG-DR funds that HUD allocated to Louisiana?a condition of this funding is that it may only be used to assist homeowners with repairing or replacing the structure of their damaged homes.
ALL FLOOD-IMPACTED HOMEOWNERS ARE STRONGLY ENCOURAGED TO COMPLETE THE SURVEY. EVEN IF HOMEOWNERS DO NOT QUALIFY FOR ONE OF THE SIX PHASES OF ASSISTANCE, THEY COULD QUALIFY AS MORE FUNDING BECOMES AVAILABLE.
If you are single, you should file Form IT-540, Louisiana Resident Individual Income Tax Return, reporting all of your income to Louisiana. If you are married and both you and your spouse are residents of Louisiana, you should file Form IT-540 reporting all of your income to Louisiana.