House Bill No. by Representative Henry proposes a constitutional amendment to authorize an optional ad valorem tax exemption for blighted or derelict properties that have been rehabilitated. The amendment seeks to add Article VII, Section 21(P) to the Constitution of Louisiana, which would allow for this exemption under specific conditions set by the legislature. The bill mandates that the legislature define terms such as "blighted property" and "derelict property," and establish the necessary conditions, requirements, and procedures for political subdivisions to administer the exemption.

The proposed amendment is set to take effect on January 1, 2027, and will apply to tax years beginning on or after that date. It will be submitted to voters for approval during the statewide election on November 3, 2026. The ballot will include a proposition asking voters if they support the amendment to allow property tax exemptions for rehabilitated blighted or derelict properties, along with the requirement for the legislature to enact relevant laws for the administration of these exemptions.