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 526 Original 2020 Regular Session Ivey
Abstract: Establishes an ad valorem tax exemption for non-residential property subject to a
cooperative endeavor agreement that requires the property owner to make payments in lieu
of ad valorem taxes.
Present constitution authorizes the imposition of ad valorem property taxes by local governments,
school boards, and other special districts.
Present constitution establishes a list of exclusive ad valorem tax exemptions.
Proposed constitutional amendment changes present constitution by creating an exemption for non-
residential property subject to a cooperative endeavor agreement requiring the property owner to
make payments in lieu of the ad valorem taxes imposed by a taxing authority party to the agreement.
The extent of the exemption shall be as provided for in the agreement.
Proposed constitutional amendment provides the specific property eligible for this exemption shall
be established in law.
Proposed constitutional amendment requires that any law enacted to implement this payment in lieu
of taxes program will require a two-thirds vote of both houses of the legislature.
Proposed constitutional amendment requires that exempt properties be listed on the assessment rolls
and that information concerning those properties be submitted to the La. Tax Commission.
Provides for submission of the proposed amendment to the voters at the statewide election to be held
Nov. 3, 2020.
Effective Jan. 1, 2021
(Adds Article VII, Sec. 21(O))