Louisiana Political News Wire
House OKs tax break expansion
by Marsha Shuler - Advocate (excerpt)
The Louisiana House voted Thursday for a proposed constitutional amendment that would expand the kinds of businesses that could get exemptions from local property taxes. But the House-passed version would give more local government entities a say on whether they want to forego the taxes to woo the businesses.
As it arrived on the House floor, the Jindal administration proposal would have put the sole authority with the parish governing body. State representatives didnít like that and added municipalities and school boards into the mix.
The House then approved the proposed constitutional amendment on a 100-0 vote. House Bill 674 now moves to the Senate for debate, along with its statutory companion House Bill 694. If approved by a two-thirds vote by the Legislature, the proposition would go to voters in the Nov. 6 election.
You may view this story online at http://www.lanewslink.com/archives.php?id=25470.