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 331 Engrossed 2024 Regular Session Knox
Abstract: Requires an applicant for a tax abatement agreement that affects property taxes in
Orleans Parish to notify the president of the Orleans Parish School Board of the abatement
agreement in writing no less than 30 days prior to the applicant applying for the tax
abatement agreement.
Proposed law requires an applicant for a tax abatement, payment in lieu of tax, or other cooperative
endeavor agreement, hereinafter "abatement agreement", that will affect property taxes levied and
collected in Orleans Parish to notify the president of the Orleans Parish School Board in writing of
such agreement. Proposed law requires the notice to be sent via certified mail no less than 30 days
prior to the applicant applying for an abatement agreement.
Proposed law requires the notice to include the following information:
(1)An estimate of the Orleans Parish School Board property taxes to be affected by the
abatement agreement.
(2)The name and contact information of the party applying for the abatement agreement.
(3)The term of the abatement agreement.
Proposed law limits the notice requirements provided for in proposed law to abatement agreements
with a term of two or more years or to abatement agreements that will affect property taxes of
$1,000,000 or more.
Proposed law exempts property tax exemptions or other abatement agreements approved by the State
Board of Commerce and Industry or any property tax exemptions established pursuant to the
provisions of present constitution from the notice requirements contained in proposed law.
Proposed law shall become effective July 1, 2024, and shall be applicable to any tax abatement
agreement that will affect property taxes in Orleans Parish entered into on or after July 1, 2024.
(Adds R.S. 33:3121)