ENROLLED
ACT No. 77
2023 Regular Session
HOUSE BILL NO. 285
BY REPRESENTATIVES TURNER AND ECHOLS AND SENATOR CATHEY
1 AN ACT
2 To amend and reenact R.S. 33:9033(B)(3), relative to tax increment financing mechanisms
3 authorized for local governmental subdivisions; to provide relative to the use of state
4 sales tax increments for such tax increment financing; to provide relative to sales tax
5 increment financing of local economic development projects; to provide relative to
6 the prohibition on the use of state sales tax increments for financing of such projects;
7 to revise provisions establishing an exception to the prohibition; and to provide for
8 related matters.
9 Be it enacted by the Legislature of Louisiana:
10 Section 1. R.S. 33:9033(B)(3) is hereby amended and reenacted to read as follows:
11 ยง9033. Sales tax increment financing
12 * * *
13 B. Notwithstanding the provisions of Subsection A of this Section, the
14 prohibition regarding the use of state sales tax increments for purposes of sales tax
15 increment financing shall not apply to:
16 * * *
17 (3) Any expansion of the project scope or extension of the use of the state
18 sales tax for an economic development project or program for which the cooperative
19 endeavor agreement initially authorizing the state sales tax increment was executed
20 initially authorized and approved by the Joint Legislative Committee on the Budget
21 before July 1, 1997, and, as expanded or extended through subsequent approvals by
Page 1 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HB NO. 285 ENROLLED
1 that committee, did not expire on or before August 1, 2019, provided that the state
2 sales tax increment shall not be extended beyond December 31, 2033 2048.
SPEAKER OF THE HOUSE OF REPRESENTATIVES
PRESIDENT OF THE SENATE
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED:
Page 2 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.