House Bill No. by Representative McCormick amends R.S. 34:3160(A) to enhance the authority of the Caddo-Bossier Parishes Port Commission regarding the payment in lieu of taxes (P.I.L.O.T) program. The bill mandates that the local governing authorities of Caddo and Bossier Parishes must fully evaluate and document the property taxes abated by each taxing entity before approving any P.I.L.O.T program. This documentation is to be provided to relevant political subdivisions, which will use the information to determine whether to approve the program.

Additionally, the bill specifies that the P.I.L.O.T program can only be utilized in Caddo Parish with the approval of the Caddo Parish Sheriff, the Caddo Parish Commission, and the Caddo Parish school board. Similarly, in Bossier Parish, the program requires approval from the Bossier Parish Sheriff, the Bossier Parish police jury, and the Bossier Parish school board. Furthermore, the office of economic development is given a 45-day period to review the proposals and submit their approval or denial to the local governing authority after the proposals are received.

Statutes affected:
HB480 Original: 34:3160(A)