SLS 18RS-608 ORIGINAL
2018 Regular Session
SENATE BILL NO. 179
BY SENATOR WALSWORTH
TAX/AD VALOREM. Constitutional amendment to authorize local taxing authorities to
enter into cooperative endeavor agreements to negotiate stipulated tax payments of ad
valorem taxes. (2/3-CA13s1(A))
1 A JOINT RESOLUTION
2 Proposing to add Article VII, Section 21(O) of the Constitution of Louisiana, relative to ad
3 valorem taxes; to authorize local government taxing authorities to enter into
4 cooperative endeavor agreements with owners of industrial or commercial property
5 that provide for stipulated tax payments; to provide for a maximum term for
6 cooperative endeavor agreements; and to specify an election for submission of the
7 proposition to electors and provide a ballot proposition.
8 Section 1. Be it resolved by the Legislature of Louisiana, two-thirds of the members
9 elected to each house concurring, that there shall be submitted to the electors of the state, for
10 their approval or rejection in the manner provided by law, a proposal to add Article VII,
11 Section 21(O) of the Constitution of Louisiana, to read as follows:
12 ยง21. Other Property Exemptions
13 Section 21. In addition to the homestead exemption provided for in Section
14 20 of this Article, the following property and no other shall be exempt from ad
15 valorem taxation:
16 * * *
17 O. Notwithstanding any provision in this constitution to the contrary, for
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 179
SLS 18RS-608 ORIGINAL
1 the public purpose of promoting and encouraging economic development within
2 any parish, one or more local government taxing authorities within a parish
3 may enter into a joint or separate cooperative endeavor agreement, with any
4 owner of immoveable property located within the parish and on which new or
5 expanded manufacturing, industrial, or other commercial operations are
6 conducted or will be conducted. The agreement may provide for negotiated,
7 stipulated tax payments with respect to ad valorem taxes levied on the property
8 by any local taxing authority that is a party to the cooperative endeavor
9 agreement. Any cooperative endeavor agreement authorized by this Paragraph
10 shall be for a term not to exceed forty years. Any property subject to a
11 cooperative endeavor agreement pursuant to this Paragraph shall be exempt
12 from ad valorem taxes with respect to the local taxing authorities that are
13 parties to the agreement except as provided for in the agreement.
14 Section 2. Be it further resolved that this proposed amendment shall be submitted
15 to the electors of the state of Louisiana at the statewide election to be held on November 6,
16 2018.
17 Section 3. Be it further resolved that on the official ballot to be used at said election
18 there shall be printed a proposition, upon which the electors of the state shall be permitted
19 to vote YES or NO, to amend the Constitution of Louisiana, which proposition shall read as
20 follows:
21 Do you support an amendment to allow local taxing authorities to enter into
22 agreements with owners of industrial or commercial property to provide for
23 negotiated tax payments in lieu of other ad valorem tax?
24 (Adds Article VII, Section 21(O))
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Leonore Heavey.
DIGEST
SB 179 Original 2018 Regular Session Walsworth
Present constitution provides the exclusive list of exemptions from ad valorem taxation.
Proposed constitutional amendment adds a new exemption that authorizes local ad valorem
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 179
SLS 18RS-608 ORIGINAL
taxing authorities to enter into agreements with owners of property that will be used or is
being used for manufacturing, industrial, or commercial purposes that will provide the taxing
authority with a stipulated ad valorem tax payment in lieu of any other ad valorem tax that
would otherwise be due on the property.
Proposed constitutional amendment provides that these agreements for stipulated tax
payments cannot have a term of greater than 40 years.
Specifies submission of the amendment to the voters at the statewide election to be held on
November 6, 2018.
(Adds Const. Art. VII, Sec. 21(O))
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.