Louisiana Business Property Tax Exemption, Amendment 8 (2012)
|Business Property Tax Exemption Amendment|
|Referred by:||Louisiana State Legislature|
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.
- See also: 2012 ballot measure election results
|Louisiana Amendment 8 (2012)|
Official results via the Louisiana Secretary of State's website.
Text of measure
The official ballot text read as follows:
This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
|“||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?||”|
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.
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."
Path to the ballot
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.