Amendment vs bill House Committee Amendment, #1004, W&M, Draft vs Enrolled

Struck = removed from the bill · added = the amendment's new text.

Previous
Latest
ENROLLED Regular Session HOUSE BILL NO.
HCAHB217 2709 1004 HOUSE COMMITTEE AMENDMENTS Regular Session AmendmentsproposedbyHouseCommitteeonWaysandMeanstoOriginalHouseBillNo.
217 BY REPRESENTATIVES CHANCE HENRY, BACALA, BAMBURG, BILLINGS, BRYANT, CHASSION, COX, FISHER, HEBERT, JACKSON, TRAVIS JOHNSON,MANDIELANDRY,TERRYLANDRY,MARCELLE,MARTINEZ, MCMAHEN,WALTERS,WYBLE,ANDYOUNGANDSENATORSBARROW, BOUDREAUX, JACKSON-ANDREWS, JENKINS, AND PRICE AN ACT ToenactR.S.47:1703.2,relativetoadvaloremtaxes;toprovideforadvalorempropertytax exemptions;
by Representative Henry AMENDMENT NO.
to authorize parishes to grant ad valorem tax exemptions for certain property;toprovideforadministrationoftheexemptions;toprovidefordefinitions;
1 On page 3, line 15, delete "No.
to provide for limitations and requirements;
____" and insert "No.
to authorize the promulgation of rules;
214" Page 1 of 1 CODING:
to provide for applicability;
to provide for effectiveness;
and to provide for related matters.
Be it enacted by the Legislature of Louisiana:
Section 1.
R.S.
47:1703.2 is hereby enacted to read as follows:
§1703.2.
Exemption;
optional exemption for certain rehabilitated property A.
The purpose of this Section is to provide for implementation of the optionaladvaloremtaxexemptionauthorizedpursuanttoArticleVII,Section21(P) of the Constitution of Louisiana for blighted or derelict property that has been rehabilitated.
If implemented bya parish, the exemption shall apply to all millages imposed within the parish and shall be subject to the conditions, requirements, and limitations established in this Section.
B.
ForpurposesofthisSection,thefollowingtermsshallhavethemeanings ascribed to them in this Subsection:
(1) "Blighted property" means any immovable property that has been declared or certified as blighted and declared a public nuisance by a court of competentjurisdictionoranadministrativehearingofficeractinginaccordancewith applicable law.
Page 1 of 4 CODING:
Wordsinstruckthroughtypearedeletionsfromexistinglaw;wordsunderscored are additions.
HB NO.
217 ENROLLED (2) "Derelict property" means anybuilding or other structure which has any of the following characteristics:
(a) Is structurally unsafe.
(b) Does not have adequate egress.
(c) Constitutes a fire hazard.
(d) Is otherwise dangerous to human life.
(e) Becauseofexistinguseorcondition,constitutesahazardtopublicsafety, health, or welfare byreason of inadequatemaintenance, dilapidation, obsolescence, fire hazard, or abandonment.
C.
A parish governing authority may, by resolution, elect to implement the ad valorem tax exemption authorized in Article VII, Section 21(P) of the ConstitutionofLouisianaforblightedorderelictpropertythathasbeenrehabilitated.
Any parish governing authority that elects to implement the exemption shall establish all of the following:
(1) A process by which a property owner may apply for the exemption.
(2) Rehabilitation standardsthatapropertymust meetin orderto qualifyfor the exemption.
(3) Criteria for approving an application for the exemption.
(4) Conditions for revocation of a previouslyapproved exemption.
(5) Anyother policies or proceduresas maybe necessaryfor administration of the exemption.
D.
The terms of the exemption shall be as follows:
(1) For residential property, not more than seventy-five percent of the assessed value of the property may be exempted from ad valorem taxation for a period not exceeding twenty years.
Show all 72 changed rows (32 more)
Previous
Latest
(2) For a tract or lot of unimproved land, not more than twenty-five percent of the assessed value of the propertymaybe exempted from ad valorem taxation for a period not exceedingten years.
In order to qualifyfor the exemption, a tract or lot of unimproved land shall be adjacent to a tract or lot upon which a residential or Page 2 of 4 CODING:
Wordsinstruckthroughtypearedeletionsfromexistinglaw;wordsunderscored are additions.
HB NO.
217 ENROLLED commercialstructureissituated.
Nopropertyownermaybegrantedexemptions for more than two tracts or lots of unimproved land.
E.
No property owner shall be eligible for any exemption authorized pursuant to this Section unless the owner holds title to the propertyidentified in the application for the exemption.
F.
TheLouisianaTaxCommissionmaypromulgaterulesinaccordancewith the Administrative Procedure Act as are necessary to implement the provisions of this Section.
G.
Notwithstandinganyprovision ofthis Sectionto the contrary, a parish or municipality may elect, by ordinance or resolution, to opt out of the property tax limitations established herein for properties that are:
(1) Locatedwithinadesignatedredevelopmentarea,blighteliminationzone, or similar district established by the governing authority;
and (2) Subject to an adopted redevelopment plan that includes the use of property tax revenues to support public financing mechanisms, including but not limited to bonds, reimbursements, or other tools intended to address appraisal gaps or fund site preparation, infrastructure, or redevelopment costs.
H.
For purposes of this Section, a redevelopment area may include any geographic area designated by the governing authority, including areas up to and including the full jurisdictional boundaries of the governing authority, as defined in the adopted redevelopment plan.
I.
The governing authority may designate one or more public entities, nonprofit organizations, or qualified development entities to support the creation, implementation, or administration of redevelopment plans, to assist in accessing or deploying financing mechanisms authorized under such plans, and to facilitate or undertake redevelopment activities necessaryto carry out such plans.
J.
The duration, scope, and application of any such election shall be determined by the governing authority in accordance with the adopted redevelopment plan and applicable law.
Page 3 of 4 CODING:
Wordsinstruckthroughtypearedeletionsfromexistinglaw;wordsunderscored are additions.
HB NO.
217 ENROLLED K.
Any governing authority or designated entity responsible for the administration or investment of property tax revenues pursuant to a redevelopment planadoptedunderthis Sectionthatincludestheuse of suchrevenuesto supportthe redevelopment of blighted or formerly blighted properties shall be subject to financial oversight, including periodic audits or financial reporting, in accordance with applicable law or as determined appropriate bythe governing authority.
Section 2.
The provisions of this Act shall apply to tax years beginning on or after January 1, 2027.
Section 3.
This Act shall become effective on January 1, 2027, but only if the proposed amendment of Article VII of the Constitution of Louisiana contained in the Act which originated as House Bill No.
214 of this 2026 Regular Session of the Legislature is adopted at a statewide election and becomes effective.
SPEAKER OF THE HOUSE OF REPRESENTATIVES PRESIDENT OF THE SENATE GOVERNOR OF THE STATE OF LOUISIANA APPROVED:
Page 4 of 4 CODING: