Louisiana Tax Rates for Historical Property, Amendment 10 (Oct 1999)

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Louisiana Amendment 10 (Primary), also known as the Ad valorem tax rates for owners of historical property Act, was on the 1999 primary election ballot in Louisiana. It was defeated, with 38% of voters in favor.

Election results

Amendment 10 (Primary)
ResultVotesPercentage
Defeatedd No121561.80%
Yes 751 38.20%

Text of measure

The language that appeared on the ballot:

To authorize the State Board of Commerce and Industry, with the approval of the governor and the local governing authority, to enter into contracts granting to a property owner who proposes the expansion, restoration, improvement, or redevelopment of an existing residential structure or structures in Orleans Parish that is at least forty years old and certified as blighted property as provided by law the right to pay Ad valorem tax|ad valorem]] taxes based upon the assessed valuation of the property for the year prior to the commencement of the expansion, restoration, improvement, or redevelopment, for a term of five years after completion of the work, provides that the contract shall not take effect until the property subject to the exemption is put into its intended use and passes final safety and fire inspections, and provides for termination of contract if use is changed from residential to commercial. [Amends Article VII, Section 21(H)]

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