DISTRICTS/TAXING: Provides relative to the creation of and levy of taxes by certain special districts (OR SEE FISC NOTE LF RV)
Read by title, under the rules, referred to the Committee on Municipal, Parochial and Cultural Affairs.
Summary
The measure amends Louisiana law to define how economic development districts are formed, their boundaries, and how taxes they impose are reviewed. If a district later has at least 30 qualified voters, a petition signed by 15% of them can trigger a special election to decide whether the tax continues. It also limits the issuance of bonds that rely on those tax revenues.
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