Louisiana 2019 2019 Regular Session

Louisiana House Bill HB80 Comm Sub / Analysis

                    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)]
HB 80 Original	2019 Regular Session	Jay Morris
Abstract:  Repeals the authority of the Southside Economic Development District of the city of
Monroe to levy taxes and to implement tax increment financing.
Present law authorizes the governing authority for the city of Monroe, with the approval of the
mayor, to create a district known as the Southside Economic Development District of the city of
Monroe.  Establishes the boundaries and provides for governance of the district.  Proposed law
retains present law.
Present law grants the district the powers of an economic development district as if the district were
an economic development district established pursuant to present law (Part II of Chapter 27 of Title
33 of the La. Revised Statutes of 1950), including powers of tax increment financing and the power
to levy taxes within the district as provided in present law, which authorizes ad valorem taxes up to
five mills, sales taxes up to 2%, and hotel occupancy taxes up to 2% or any combination of such
taxes, all subject to voter approval unless there are no voters in the district.  Proposed laws repeals
present law.
Present law authorizes the district to levy a hotel tax on development occurring after July 1, 2005,
to finance a project.  Provides that such a tax may be in lieu of taxes levied by other entities subject
to approval of those entities and of the voters of Monroe.  Proposed law repeals present law.
(Repeals R.S. 33:2740.51(M) and (N))