ENROLLEDHFAHB217 4872 3229 FOR OFFICE USE ONLY HOUSE FLOOR AMENDMENTS Regular Session HOUSEAmendments BILLproposed NO.by Representative Brass to Engrossed House Bill No.

217 BYby REPRESENTATIVESRepresentative CHANCEChance HENRY,Henry BACALA,AMENDMENT BAMBURG,NO. 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;

to1 authorizeOn parishespage to3, grantbetween adlines valorem12 taxand exemptions13 forinsert certainthe property;toprovideforadministrationoftheexemptions;toprovidefordefinitions;following:

to"G. provide for limitations and requirements;

toNotwithstanding authorizeany provision of this Section to the promulgationcontrary, a parish or municipality may elect, by ordinance or resolution, to opt out of rules;the property tax limitations established herein for properties that are:

to(1) provideLocated forwithin applicability;a designated redevelopment area, blight elimination zone, or similar district established by the governing authority;

and (2) Subject to providean foradopted effectiveness;redevelopment plan that includes the use of property tax revenuestosupportpublicfinancingmechanisms,includingbutnotlimitedtobonds, reimbursements, or other tools intended to address appraisal gaps or fund site preparation, infrastructure, or redevelopment costs.

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.