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 23 Engrossed 2020 First Extraordinary Session Dwight
Abstract: Authorizes political subdivisions to enter into agreements for strategic investments to
maximize parish and local economies that permit taxpayers to make payments in lieu of ad
valorem taxes that may allow for property tax exemptions or future tax credits, or both.
Present constitution authorizes certain parishes, municipalities, school boards, and other special
districts to levy an ad valorem property tax.
Present constitution establishes the exclusive list of ad valorem property tax exemptions.
Proposed constitutional amendment retains present constitution.
Proposed constitutional amendment authorizes certain political subdivisions to enter into agreements
for strategic investments to maximize parish and local economies authorizing payments in lieu of
ad valorem taxes.
Proposed constitutional amendment further authorizes such agreements to fully or partially exempt
property.
Provides for submission of the proposed amendment to the voters at the statewide election to be held
Nov. 3, 2020.
(Adds Const. Art. VII, ยง21(O))