Difference between revisions of "Louisiana Business Property Tax Exemption, Amendment 8 (2012)"

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}}{{tnr}}The '''Louisiana Business Property Tax Exemption Amendment''' will appear on the [[Louisiana 2012 ballot measures|November 6, 2012]] statewide ballot in [[Louisiana]] as a {{lrcafull}}.  If enacted, the measure would allow local governments to opt-in to property tax exemptions for non-manufacturing businesses that meet certain criteria. The measure was sent to the ballot by the [[Louisiana Legislature]] on [[BC2012#June|June 4, 2012]].
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}}{{tnr}}The '''Louisiana Business Property Tax Exemption Amendment''', also known as '''Constitutional Amendment 8''', was a {{lrcafull}} on the [[Louisiana 2012 ballot measures|November 6, 2012]] statewide ballot in [[Louisiana]], where it was '''approved'''.
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The measure allowed local governments to opt-in to property tax exemptions for non-manufacturing businesses that met certain criteria. The measure was sent to the ballot by the [[Louisiana Legislature]] on [[BC2012#June|June 4, 2012]].
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==Election results==
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:: ''See also: [[2012 ballot measure election results]]''
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{{Short outcome
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| title = Louisiana Amendment 8 (2012)
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| yes = 848,616
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| yespct = 51.68
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| no = 793,591
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| nopct = 48.32
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| image = {{approved}}
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| unresolved =
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}}
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[[Category:Approved, general, 2012]]
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Official results via the [http://staticresults.sos.la.gov/11062012/11062012_Statewide.html Louisiana Secretary of State]'s website.
  
 
==Text of measure==
 
==Text of measure==
The official ballot text reads as follows:<ref>[http://www.sos.la.gov/Portals/0/elections/pdf/NOV62012CAS-withseal.pdf ''Louisiana Secretary of State'', "2012 Proposed Constitutional Amendments," retrieved August 17, 2012]</ref>
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The official ballot text read as follows:<ref>[http://www.sos.la.gov/Portals/0/elections/pdf/NOV62012CAS-withseal.pdf ''Louisiana Secretary of State'', "2012 Proposed Constitutional Amendments," accessed August 17, 2012]</ref>
  
<blockquote>Do you support an amendment to authorize the granting of ad valorem tax exemption contracts by the Board of Commerce and Industry for businesses located in parishes which have chosen to participate in a program established for the granting of such contracts?</blockquote>
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{{Quote|Do you support an amendment to authorize the granting of ad valorem tax exemption contracts by the Board of Commerce and Industry for businesses located in parishes which have chosen to participate in a program established for the granting of such contracts?}}
  
 
==Support==
 
==Support==
The South Louisiana Economic Council has come out in support of the measure saying businesses will be encouraged to bring their investments into Louisiana while at the same time creating a variety of jobs.<ref>[http://www.houmatoday.com/article/20121017/articles/121019697?p=2&tc=pg ''Houma Today'',"Property tax changes are on the ballot," October 17, 2012]</ref>
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The South Louisiana Economic Council supported of the measure. They said that businesses would be encouraged to bring their investments into Louisiana while at the same time creating a variety of jobs.<ref name="houma">[http://www.houmatoday.com/article/20121017/articles/121019697?p=2&tc=pg ''Houma Today'',"Property tax changes are on the ballot," October 17, 2012]</ref>
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==Opposition==
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The Public Affairs Research Council noted, in its analysis of the measure, that one argument against the amendment was the lack of local control due to the fact that the "final decision about whether to grant the property tax exemption would be made at the state level by the secretary of economic development and the Board of Commerce and Industry, not by the local governments that have the most at stake with regard to property taxes."<ref name="houma"/>
  
 
==Path to the ballot==
 
==Path to the ballot==
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==See also==
 
==See also==
{{EVeram}}
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* [[2012 ballot measures]]
 
* [[2012 ballot measures]]
 
* [[Louisiana 2012 ballot measures]]
 
* [[Louisiana 2012 ballot measures]]
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==Additional reading==
 
==Additional reading==
* [http://www.thetowntalk.com/article/20121014/OPINION/121012048/-1/rss01?nclick_check=1 ''TheTownTalk.com'' "Our View: Louisiana ballot measures need scrutiny by voters," October 14, 2012]
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* [http://www.thetowntalk.com/article/20121014/OPINION/121012048/-1/rss01?nclick_check=1 ''TheTownTalk.com'', "Our View: Louisiana ballot measures need scrutiny by voters," October 14, 2012]
  
 
==References==
 
==References==
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[[Category:Taxes, Louisiana]]
 
[[Category:Taxes, Louisiana]]
 
[[Category:Certified, taxes, 2012]]
 
[[Category:Certified, taxes, 2012]]
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[[Category:Property, Louisiana]]
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[[Category:Certified, property, 2012]]
 
{{certrefca2012}}
 
{{certrefca2012}}
{{Louisiana stub}}
 

Revision as of 07:10, 6 May 2014

Business Property Tax Exemption Amendment
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Type:Constitutional amendment
Constitution:Louisiana Constitution
Referred by:Louisiana State Legislature
Topic:Taxes
Status:Approveda
The Louisiana Business Property Tax Exemption Amendment, also known as Constitutional Amendment 8, was a legislatively-referred constitutional amendment on the November 6, 2012 statewide ballot in Louisiana, where it was approved.

The measure allowed local governments to opt-in to property tax exemptions for non-manufacturing businesses that met certain criteria. The measure was sent to the ballot by the Louisiana Legislature on June 4, 2012.

Election results

See also: 2012 ballot measure election results
Louisiana Amendment 8 (2012)
ResultVotesPercentage
Approveda Yes 848,616 51.68%
No793,59148.32%

Official results via the Louisiana Secretary of State's website.

Text of measure

The official ballot text read as follows:[1]

Do you support an amendment to authorize the granting of ad valorem tax exemption contracts by the Board of Commerce and Industry for businesses located in parishes which have chosen to participate in a program established for the granting of such contracts?[2]

Support

The South Louisiana Economic Council supported of the measure. They said that businesses would be encouraged to bring their investments into Louisiana while at the same time creating a variety of jobs.[3]

Opposition

The Public Affairs Research Council noted, in its analysis of the measure, that one argument against the amendment was the lack of local control due to the fact that the "final decision about whether to grant the property tax exemption would be made at the state level by the secretary of economic development and the Board of Commerce and Industry, not by the local governments that have the most at stake with regard to property taxes."[3]

Path to the ballot

See also: Louisiana legislatively-referred constitutional amendments

The legislatively-referred constitutional amendment required a two-thirds vote from members of both houses of the Louisiana State Legislature to be placed on the statewide ballot.

See also

External links

Additional reading

References

  1. Louisiana Secretary of State, "2012 Proposed Constitutional Amendments," accessed August 17, 2012
  2. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
  3. 3.0 3.1 Houma Today,"Property tax changes are on the ballot," October 17, 2012