Amendment 10Constitutional amendment · Put on the ballot by lawmakers
Tax break for restored blight
Explain it like I'm 5
This would let local governments offer a temporary tax break after a run-down property is repaired. It is like a reward for fixing an abandoned building, but later laws would set the rules.
Yes vote
The constitution may authorize property-tax exemptions for derelict or blighted property that has been rehabilitated, under rules set by the Legislature.
No vote
This new constitutional authority for exemptions on rehabilitated blighted property will not be created.
The question to ask yourself
Will the rehabilitation encouraged by a tax break be worth the local revenue forgone?
The case for
- May encourage owners to repair unsafe or abandoned properties.
- Could improve neighborhoods and return unused buildings to productive use.
- Later taxable value and activity could partly offset the temporary exemption.
Backed by: Louisiana REALTORS®
The case against
- Exemptions reduce revenue for local services during the exemption period.
- Projects that would have happened anyway could receive an unnecessary benefit.
- Voters cannot yet know key details such as the exemption's amount, duration, and eligibility rules.
Opposed by: Power Coalition for Equality and Justice, Pelican Institute for Public Policy
- Money
- The amendment does not set an exemption amount, and the local revenue effect is not estimated.
- Don't be misled
- It does not automatically grant a permanent exemption, because later law must establish the program and local governments must administer it.