What is the Road Home Subtraction?
Act 247 of the 2007 Regular Session provides that any gratuitous grant, loan, or other benefit directly or indirectly provided to a taxpayer by a hurricane recovery entity shall be retroactively excluded if such income was included in the taxpayer's Federal Adjusted Gross Income. Hurricane recovery entities that provided such benefits are the Road Home Corporation, the Louisiana Recovery Authority, the Disaster Recovery Unit of the Office of Community Development, and the Louisiana Family Recovery Corps.
