SLS 20RS-250 REENGROSSED
2020 Regular Session
SENATE BILL NO. 272
BY SENATOR ABRAHAM
TAX EXEMPTIONS. Constitutional amendment to establish an ad valorem tax exemption
for property subject to a cooperative endeavor agreement requiring the property owner to
make payments in lieu of taxes. (2/3 - CA13s1(A))
1 A JOINT RESOLUTION
2 Proposing to add Article VII, Section 21(O) of the Constitution of Louisiana, to provide for
3 ad valorem property tax exemptions; to establish an exemption for certain property
4 subject to a cooperative endeavor agreement requiring payments in lieu of taxes; to
5 provide for requirements and limitations; and to specify an election for submission
6 of the proposition to electors and provide a ballot proposition.
7 Section 1. Be it resolved by the Legislature of Louisiana, two-thirds of the members
8 elected to each house concurring, that there shall be submitted to the electors of the state, for
9 their approval or rejection in the manner provided by law, a proposal to add Article VII,
10 Section 21(O) of the Constitution of Louisiana, to read as follows:
11 §21. Other Property Exemptions
12 Section 21. In addition to the homestead exemption provided for in Section
13 20 of this Article, the following property and no other shall be exempt from ad
14 valorem taxation:
15 * * *
16 (O) Property that is subject to a cooperative endeavor agreement, as
17 provided by law and this Constitution, between the owner and one or more
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 272
SLS 20RS-250 REENGROSSED
1 taxing authorities which agreement requires the property owner to make
2 payments in lieu of taxes as provided by law. Property eligible for this
3 exemption shall be limited to property of a new manufacturing establishment
4 or an addition to an existing manufacturing establishment.
5 (1) The exemption authorized under this Paragraph shall be to the
6 extent agreed to and provided for in the cooperative endeavor agreement. All
7 property exempted shall be listed on the assessment rolls and submitted to the
8 Louisiana Tax Commission.
9 (2) Enactment of any law to implement this Paragraph and any
10 amendment to that law shall require a two-thirds vote of the elected members
11 of each house of the legislature.
12 Section 2. Be it further resolved that this proposed amendment shall be submitted
13 to the electors of the state of Louisiana at the statewide election to be held on November 3,
14 2020.
15 Section 3. Be it further resolved that on the official ballot to be used at said election
16 there shall be printed a proposition, upon which the electors of the state shall be permitted
17 to vote YES or NO, to amend the Constitution of Louisiana, which proposition shall read as
18 follows:
19 Do you support an amendment to authorize local governments to enter into
20 cooperative endeavor agreements with property owners to make payments
21 in lieu of tax?
22 (Adds Article VII, Section 21(O))
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Curry Lann.
DIGEST
SB 272 Reengrossed 2020 Regular Session Abraham
Present constitution authorizes the imposition of ad valorem property taxes by local
governments, school boards, and other special districts.
Present constitution authorizes a variety of exemptions from ad valorem tax.
Proposed constitutional amendment changes present constitution by establishing an
exemption for property subject to a cooperative endeavor agreement that requires the
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 272
SLS 20RS-250 REENGROSSED
property owner to make payments in lieu of the ad valorem taxes imposed by a taxing
authority that is a party to the agreement. The extent of the exemption shall be as provided
for in the agreement.
Proposed constitutional amendment requires that an enactment of any law to implement
payments in lieu of taxes shall require a two-thirds vote of each house 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.
Specifies submission of the amendment to the voters at the statewide election to be held on
November 3, 2020.
(Adds Article VII, §21(O))
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.