Louisiana 2014 2014 Regular Session

Louisiana Senate Bill SB648 Comm Sub / Analysis

                    The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Martha S. Hess.
DIGEST
Dorsey-Colomb (SB 648)
Proposed law creates the Old LNB Building Redevelopment District in East Baton Rouge  Parish
as a special taxing district and political subdivision of the state.
Proposed law provides that the purpose of the district is to provide for cooperative economic
development in order to provide for the redevelopment of, and dramatic improvement to, the
property within the district located in the city-parish.
Proposed law provides that the district be governed by a three-member board of commissioners. 
The commissioners shall be:
(1)The mayor-president of the city-parish or his designee.
(2)The mayor-president pro-tempore of the city-parish or his designee.
(3)The council member for Metropolitan Council District No. 10 of the city-parish or his
designee.
Proposed law provides that the domicile of the board shall be established by the board at a
location within the district.  Provides the general rights and powers of the district and its board of
commissioners.
Proposed law authorizes the district to levy a tax upon the occupancy of hotel rooms, motel
rooms, and overnight camping facilities, and a tax upon the sale at retail, the use, the lease or
rental, the consumption and storage for use or consumption of tangible personal property and on
sales of services. The tax must be at least equal to the aggregate rate of all taxes upon the
occupancy of hotel rooms, motel rooms, and overnight camping facilities levied and collected
within the parish of East Baton Rouge. The aggregate sales tax within the district shall be at least
equal to the aggregate rate of such sales taxes levied and collected within the parish of East
Baton Rouge.
Proposed law authorizes the district to use hotel and sales tax incremental financing or other
financing pledging the revenues of the district.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Adds R.S. 33:9038.67)