RÉSUMÉ DIGEST
ACT 370 (SB 272) 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
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.
Effective See Act.
(Adds Const. Article VII, §21(O))