Louisiana HB502 amends the Caddo Parish Port Commission's authority to use the payment in lieu of taxes program.
Louisiana HB502 amends the Caddo Parish Port Commission's authority to use the payment in lieu of taxes program. It requires the governing authority of Caddo Parish to evaluate and provide documentation on property taxes abated by each taxing entity before approving the program. Each entity, including the Caddo Parish Sheriff and the Caddo Parish School Board, must independently determine whether to approve the abatement of their respective portions of property taxes. The Caddo Parish Commission can also approve abatements for other local entities, except the Sheriff and School Board.
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