Requires certain public notice and hearings before agreements are entered into which have the effect of making property exempt from ad valorem taxes in certain parishes. (7/1/11) (RE SEE FISC NOTE LF RV See Note)
Impact
If enacted, SB 54 would fundamentally change how governmental entities manage agreements that impact tax exemptions, specifically in parishes with populations between 21,000 and 22,200. The bill's provisions necessitate public notice and hearings, which could potentially delay the execution of agreements that would exempt properties from ad valorem taxes. Furthermore, payments received in lieu of ad valorem taxes would need to be distributed to relevant tax recipient bodies, ensuring that those affected by property transfers are compensated appropriately.
Summary
Senate Bill 54 aims to impose requirements on governmental entities regarding the treatment of property exemptions from ad valorem taxes in parishes with specific population thresholds. The bill mandates that prior to entering into any cooperative endeavor or similar agreement that could result in making private property tax-exempt, the governing authority must hold a public hearing. This requirement is designed to ensure transparency and community involvement in decisions that affect local taxation and property rights.
Sentiment
The general sentiment surrounding SB 54 appears to be supportive from those concerned about public accountability and transparency in local governance. Proponents argue that public hearings allow community stakeholders to voice their opinions and grievances about potential tax exemptions. Conversely, opponents may view these requirements as impediments to timely decision-making, arguing that they could complicate processes necessary for economic development and compliance within the community.
Contention
Notable points of contention include the implications of the public notice and hearing requirements which some argue could introduce bureaucratic delays. Additionally, the bill exempts cooperative endeavor agreements entered into prior to July 1, 2011, which raises questions about fairness for agreements already established. The debate hinges on whether the added governance is a necessary safeguard or an unnecessary hindrance to local governmental operations.
Provides for the homestead exemption, special assessment level, and other property tax exemptions for purposes of determining ad valorem taxation of certain property (Items #1 and 10) (EN SEE FISC NOTE LF RV See Note)
Provides for the homestead exemption, special assessment level, and other property tax exemptions for purposes of determining ad valorem taxation of certain property (Items #1 and 10) (OR SEE FISC NOTE LF RV See Note)
Exempts taxing authorities in Lafayette Parish from certain public notice requirements regarding increases or renewals of property taxes which requirements are in excess of general requirements for public notices as provided in the open meetings law (OR NO IMPACT GF EX See Note)
Authorizes and provides for an ad valorem tax exemption that allows cooperative endeavor agreements between taxing authorities and non-residential property owners that require payments in lieu of ad valorem taxes (OR SEE FISC NOTE LF RV See Note)
Authorizes and provides for an ad valorem tax exemption that allows cooperative endeavor agreements between taxing authorities and non-residental immovable property owners that require payments in lieu of ad valorem taxes (Item #28) (OR SEE FISC NOTE LF RV See Note)
Property tax: delinquent taxes; sunsets on certain delinquent tax payment reduction and foreclosure avoidance programs; modify. Amends sec. 78g & 78q of 1893 PA 206 (MCL 211.78g & 211.78q).
To Authorize The Financing Of Energy Efficiency Improvements, Alternative Energy Improvements, Building Resiliency Improvements, And Water Conservation Improvements.