§ 33:3121 — Ad valorem property tax agreements in Orleans Parish; abatement, payment

Louisiana § 33:3121

• Jurisdiction: Louisiana
• Title 33: Municipalities and Parishes

Text

§3121. Ad valorem property tax agreements in Orleans Parish; abatement, payment
in lieu of tax, and other cooperative endeavor agreements; notice
requirements; limitations
A. An applicant entering into a tax abatement, payment in lieu of tax, or
other cooperative endeavor agreement, hereinafter "abatement agreement", that
affects the ad valorem property taxes levied and collected in Orleans Parish shall
send written notice, by certified mail, to the president of the Orleans Parish School
Board of the abatement agreement. The notice shall be sent no less than thirty days
prior to applying for the abatement agreement and shall include the following
information:
(1) An estimate of the Orleans Parish School Board ad valorem 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.
B.(1) The provisions of this Section shall be applicable to abatement
agreements with a term of two or more years or to abatement agreements that will
affect ad valorem property taxes of one million dollars or more.
(2) The provisions of this Section shall not be applicable to any ad valorem
property tax exemptions or other abatement agreements approved by the State Board
of Commerce and Industry or any ad valorem property tax exemptions established
pursuant to the provisions of Article VII, Section 21 of the Constitution of Louisiana.

Legislative History

Acts 2024, No. 215, §1, eff. July 1, 2024.