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Louisiana Tax Rates for Historical Property, Amendment 10 (Oct 1999)
Election results
| Amendment 10 (Primary) | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
| 1215 | 61.80% | |||
| 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)]
See also
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