Louisiana legislation · 2026 Regular Session
Louisiana HB217: TAX/AD VALOREM-EXEMPTION: Authorizes an optional property tax exemption for blighted or derelict properties that have been rehabilitated and provides with respect to local redevelopment plans (EN SEE FISC NOTE LF RV See Note)
Status: Signed into law, May 29, 2026
What the bill says
An act To enact R.S. 47:1703.2, relative to ad valorem taxes; to provide for ad valorem property tax exemptions; to authorize parishes to grant ad valorem tax exemptions for certain property; to provide for administration of the exemptions; to provide for definitions; to provide for limitations and requirements; to authorize the promulgation of rules; to provide for applicability; to provide for effectiveness; and to provide for related matters.
From the introduced text:
AN ACT To enact R.S. 47:1703.2, relative to ad valorem taxes; to provide for ad valorem property tax exemptions; to authorize parishes to grant ad valorem tax exemptions for certain property; to provide for administration of the exemptions; to provide for definitions; to provide for limitations and requirements; to authorize the promulgation of rules; to provide for applicability; to provide for effectiveness; 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 optional ad valorem tax exemption authorized pursuant to Article VII, Section 21(P) of the Constitution of Louisiana for blighted or derelict property that has been rehabilitated. If implemented by a 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. For purposes of this Section, the following terms shall have the meanings 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 Page 1 of CODING: Words in struck through type are deletions from existing …