HLS 11RS-959 REENGROSSED
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Regular Session, 2011
HOUSE BILL NO. 456
BY REPRESENTATIVE MORENO
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
ECONOMIC DEVEL/ENT ZONE: Extends the La. Enterprise Zone Act to include transit-
oriented multifamily developments
AN ACT1
To enact R.S. 51:1783(10), (11), and (12) and 1787(C), relative to the Louisiana Enterprise2
Zone Act; to provide for definitions; to extend the Louisiana Enterprise Zone Act to3
include transit-oriented multifamily developments which meet certain criteria; and4
to provide for related matters.5
Be it enacted by the Legislature of Louisiana:6
Section 1. R.S. 51:1783(10), (11), and (12) and 1787(C) are hereby enacted to read7
as follows: 8
§1783. Definitions9
For purposes of this Chapter, the following terms shall have the meaning10
hereinafter ascribed to them, unless the context clearly indicates otherwise:11
* * *12
(10) "Multifamily residential housing" means a minimum of ninety and a13
maximum of one hundred seventy-five attached dwelling units providing complete14
independent living facilities for one or more persons, including permanent provisions15
for living, sleeping, eating, cooking, and sanitation.16
(11) "Multimodal transit center" means a public transit stop or exchange that17
includes not less than three modes of public transportation including bus, streetcar,18
rail, ferry, or water taxi.19
(12) "Transit-oriented development" means a mixed-use development,20
consisting of at least fifty percent multifamily residential housing and at least thirty21
percent commercial or retail facilities, on a single contiguous site, all or part of22 HLS 11RS-959 REENGROSSED
HB NO. 456
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which is located within one-quarter mile of a multimodal transit center, with at least1
ten million dollars in capital expenditures for new construction or conversion of2
existing structures.3
* * *4
§1787. Incentives5
* * *6
C. A transit-oriented development shall be eligible for the contract provided7
for in Subsection A of this Section only if all of the following conditions are met:8
(1) Advance notification for the development is filed with the department9
after June 30, 2011, and before January 1, 2012.10
(2) Construction of the development begins no later than one hundred eighty11
days after the project beginning date stated on the advance notification.12
(3) The development and the business applying for enterprise zone13
incentives meet all other requirements of the Enterprise Zone Program.14
* * *15
Section 2. This Act shall become effective upon signature by the governor or, if not16
signed by the governor, upon expiration of the time for bills to become law without signature17
by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If18
vetoed by the governor and subsequently approved by the legislature, this Act shall become19
effective on the day following such approval.20
DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
Moreno HB No. 456
Abstract: Extends the La. Enterprise Zone Act to include transit-oriented multifamily
developments that meet certain criteria.
Present law creates the La. Enterprise Zone Act.
Proposed law retains present law.
Proposed law defines "transit-oriented development" as a mixed-use development, consisting
of at least 50% multifamily residential housing and at least 30% commercial or retail HLS 11RS-959 REENGROSSED
HB NO. 456
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facilities, on a single contiguous site, all or part of which is located within 1/4 mile of a
multimodal transit center, with at least $10,000,000 in capital expenditures for new
construction or conversion of existing structures.
Proposed law defines "multimodal transit center" as a public transit stop or exchange that
includes not less than three modes of public transportation including bus, streetcar, rail,
ferry, or water taxi.
Proposed law defines "multifamily residential housing" as a minimum of 90 and a maximum
of 175 attached dwelling units providing complete independent living facilities for one or
more persons, including permanent provisions for living, sleeping, eating, cooking, and
sanitation.
Proposed law provides that a transit-oriented development shall be eligible to enter into a
contract for the rebate of sales and use tax imposed by the state and its political subdivisions
or a refundable investment income tax credit only if all of the following conditions are met:
(1)Advance notification for the development is filed with the Dept. of Economic
Development after June 30, 2011, and before Jan. 1, 2012.
(2)Construction of the development begins no later than 180 days after the project
beginning date stated on the advance notification.
(3)The development and the business applying for enterprise zone incentives meet all
other requirements of the Enterprise Zone Program.
Effective upon signature of governor or lapse of time for gubernatorial action.
(Adds R.S. 51:1783(10)-(12) and 1787(C))
Summary of Amendments Adopted by House
House Floor Amendments to the engrossed bill.
1. Made technical corrections.
2. Defined "multifamily residential housing" as a minimum of 90 and a maximum
of 175 attached dwelling units providing complete independent living facilities
for one or more persons, including permanent provisions for living, sleeping,
eating, cooking, and sanitation.
3. Specified that a "transit-oriented development" is a mixed-use development,
consisting of at least 50% multifamily residential housing and at least 30%
commercial or retail facilities, on a single contiguous site, all or part of which is
located within 1/4 mile of a multimodal transit center, with at least $10,000,000
in capital expenditures for new construction or conversion of existing structures.
4. Deleted the proposed criteria for eligibility for enterprise zone benefits for a
transit-oriented development.
5. Added a provision that a transit-oriented development shall be eligible to enter
into a contract for the rebate of sales and use tax imposed by the state and its
political subdivisions or a refundable investment income tax credit if advance
notification for the development is filed with the Dept. of Economic
Development after June 30, 2011, and before Jan. 1, 2012, construction of the
development begins no later than 180 days after the project beginning date stated
on the advance notification, and the development and the business applying for HLS 11RS-959 REENGROSSED
HB NO. 456
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enterprise zone incentives meet all other requirements of the Enterprise Zone
Program.
6. Provided that the Act is effective upon signature of governor or lapse of time for
gubernatorial action.