Louisiana 2020 2020 Regular Session

Louisiana Senate Bill SB187 Comm Sub / Analysis

                    The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Leonore Heavey.
DIGEST
SB 187 Original	2020 Regular Session	White
Present constitution authorizes a property tax exemption for new manufacturing establishments and
additions to existing establishments for an initial term of five years, with a five year renewal through
a contract granted by the Board of Commerce and Industry, with the approval of the governor.
Proposed constitutional amendment retains the exemption program authorized by the present
constitution and authorizes the legislature to provide by law for the implementation of the exemption
program and to provide for a uniform approval process.
Specifies submission of the amendment to the voters at the statewide election to be held on
November 3, 2020.
(Amends Const. Art. VII, ยง21(F))