What’s On Your Louisiana Ballot: 2020 Amendment 5
Election day is less than a week away, on Tuesday November 3rd.
Since we're so close, we thought it would be a great chance to further explore some of what you'll see on this year's ballot. We can't break down every ballot for every precinct in the state, but if you're looking for your exact ballot, you can find it here. There are 7 proposed Constitutional Amendments in Louisiana this year. You'll also find a measure on Sports Wagering as well.
Amendment 5 is about taking action on how the state approaches tax deals between government and businesses. Here's the text you'll see on your ballot:
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))
So what does that mean? If passed, this is the explanation from the Secretary of State:
Proposed Constitutional Amendment adds an exemption from ad valorem taxation for property that is subject to a cooperative endeavor agreement between the owner and one or more taxing authorities which requires the property owner to make payments in lieu of taxes. Further provides that property eligible for the exemption shall be limited to a new manufacturing establishment or an addition to an existing manufacturing establishment.
Proposed Constitutional Amendment provides the exemption shall be to the extent agreed to and provided for in the cooperative endeavor agreement and requires the property exempted to be listed on the assessment rolls and submitted to the Louisiana Tax Commission.
Proposed Constitutional Amendment provides that enactment of any law to implement the provisions relating to the exemption and any amendment to that law shall require a 2/3 vote of the elected members of each house of the legislature.
So what does all of that mean for you?
A vote YES on this Amendment would be in favor of creating a property tax exemption for property that is subject to an agreement with local government (like ITEP programs) giving certain property owners the anility to make payments instead of paying property taxes.
A vote NO on this Amendment means no change to the current constitution.