The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Leonore Heavey.
DIGEST
SB 148 Original 2018 Regular Session Morrell
Present constitution provides that all property is subject to ad valorem taxation unless specifically
exempted.
Present constitution authorizes the State Board of Commerce and Industry, with gubernatorial
approval, to enter into contracts to exempt new and expanding manufacturing facilities from ad
valorem taxation.
Proposed constitutional amendment retains present constitution ability of the board to enter into
contracts to exempt certain manufacturing facilities from certain ad valorem taxes but adds a
requirement that the exemption must receive the endorsement of the sheriff, school board,
municipality, and parish governing authority in which the establishment is located.
Present constitution authorizes a five-year renewal of up to a 100% exemption of ad valorem taxes
that would otherwise be due.
Proposed constitutional amendment limits the renewal period to three years and limits the exemption
to 80% of the assessed valuation.
Present constitution requires the board to take into account the best interests of the state when
determining whether or not to grant an industrial property tax exemption.
Proposed constitutional amendment requires that the State Board of Commerce and Industry
establish criteria for determining what is in the best interest in the state and that these criteria shall
include the creation of new, permanent direct jobs.
Specifies submission of the amendment to the voters at the statewide election to be held on
November 6, 2018.
(Amends Const. Art. VII, Sec. 21(F))