Click here to live chat with one of our writers between 9am-5pm CST.
Louisiana State Board of Commerce Contract of Ad Valorem Tax, Amendment 5 (2002)
From Ballotpedia
Louisiana Amendment 5 authorizes the State Board of Commerce and Industry, with the approval of the governor and the affected local governing authorities, to contract for ad valorem tax exemptions with developers of retirement communities. It was on the November 7, 2002 election ballot in Louisiana where it was defeated, with 39% of voters in favor.
Election results
| Amendment 5 | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
 No | 604,163 | 60.79% | ||
| Yes | 389,693 | 39.21% | ||
Text of measure
The language that appeared on the ballot:
Act 89 (HB 68) 2002 Regular Session
Authorizes the State Board of Commerce and Industry, with the approval of the governor and the affected local governing authorities, to contract with developers of retirement communities for the exemption from local or special ad valorem taxes.
(Adds Article VII, Section 21(J))
See also
External links
- 2002 Louisiana Ballot Measures Election Results
- 2002 Louisiana Ballot Measures Voter Guides
- 2002 Louisiana Ballot Measures
Reference
| |||||
