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 371 Original 2021 Regular Session Ivey
Abstract: Authorizes local taxing authorities to enter into cooperative endeavor agreements for
payments in lieu of taxes with owners of non-residential immovable property.
Present constitution provides an exclusive list of exemptions from ad valorem taxation.
Proposed constitutional amendment authorizes local ad valorem taxing authorities to enter into
agreements for payments in lieu of taxes with owners of non-residential immovable property.
Proposed constitutional amendment provides that these agreements cannot have a term of greater
than 40 years.
Proposed constitutional amendment provides that enactment of any law to administer proposed
constitutional amendment requires a favorable vote of 2/3 of the elected members of each house of
the legislature.
Provides for submission of the proposed amendment to the voters at the statewide election to be held
Nov. 8, 2022.
(Adds Const. Art. VII, ยง21(O))