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)]
HCR 4 Original 2020 Regular Session Beaullieu
Present LAC provides for various definitions. Proposed LAC retains those definitions and creates
a definition for ITEP Ready.
Proposed LAC defines ITEP Ready as a parish that provides continuous and automatic local
governmental entity approval of all industrial ad valorem tax exemptions within the parish.
Present LAC provides that upon the Louisiana Board of Commerce and Industry's approval of an
application, Louisiana Economic Development (LED) transmits a copy of the application to each
local governmental entity and the local tax assessor.
Present LAC provides that each local governmental authority that receives a millage, the school
board, and the sheriff may review the proposed ad valorem tax exemption application provided by
the Louisiana Board of Commerce and Industry and approve or deny the application.
Present LAC does not require any local governmental entity receiving a millage, the school board,
or the sheriff to review a proposed ad valorem tax exemption application; however, failure to review
an application after 30 days notice results in automatic local governmental entity approval.
Proposed LAC provides for an alternative to each local governmental entity providing their approval.
Proposed LAC establishes the alternative ITEP Ready parish program.
Proposed LAC provides that a parish is ITEP Ready if the parish governing authority, the school
board, the sheriff and each municipality authorized to receive a millage unanimously vote to be ITEP
Ready. The parish governing authority, on behalf of all taxing authorities in the parish, will declare
the parish ITEP Ready by resolution. Proposed LAC further provides that no further action
evidencing local governmental entity approval shall be required.
Proposed LAC provides that if a parish is ITEP Ready the local governmental entities in the parish
automatically approve all industrial ad valorem tax exemption applications proposed in the parish
including all terms and conditions of the tax exemption agreement.
Proposed LAC provides that the 30 day notice period in which local governmental entities are
authorized to hold a public hearing to approve or reject an application does not apply to ITEP Ready
parishes.
Proposed LAC applies to applications filed on or after August 1, 2020. (Amends LAC 13:I.502 and 503(H))