Measure on the ballot in the 2020 Louisiana State Primary and Presidential General Election in Louisiana.
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Get StartedThis measure would amend the State Constitution to add a property tax exemption for certain property and authorizes local governments to enter into "cooperative endeavor agreements" with new or expanding manufacturing establishments. When manufacturing establishments enter "cooperative endeavor agreement" with local government, this agreement allows the manufacturing establishments to make payments to a taxing authority instead of paying property taxes.
A "YES" vote on this measure is a vote in support of amending the state constitution to allow local governments to enter into "cooperative endeavor agreements" with new or expanding manufacturing establishments which allowing the manufacturing establishments to make payments to a taxing authority instead of paying property taxes.
A "NO" vote on this measure is a vote opposing amending the state constitution to allow local governments to enter into "cooperative endeavor agreements" with new or expanding manufacturing establishments which allowing the manufacturing establishments to make payments to a taxing authority instead of paying property taxes.
“Instead of the tax rate being set by an election, it’ll be based on how well a company can negotiate...And the rest of us will have to pay more to compensate for the deal cut by a single company.”, in opposition to Proposed Amendment No. 5 (Learn more)
"It gives local governments an additional, optional tool for incentivizing business investment and empowers local governments to negotiate a more “front-loaded” funding schedule for local needs without having to wait out the eight- or 10-year ITEP period. The payments can be used by local governments for a variety of purposes, including operations or to service bonds for public infrastructure projects.", in support of Proposed Amendment No. 5 (Learn more)
Do you support an amendment to authorize local governments to enter into cooperative endeavor ad valorem tax exemption agreements with new or expanding manufacturing establishments for payments in lieu of taxes? (Adds Article VII, Section 21(O))
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