House Bill No. 214 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 the legislature to define the terms "blighted property" and "derelict property," as well as establish the conditions and procedures necessary for political subdivisions to administer this 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.

The bill also mandates that the proposed amendment be submitted to the voters of Louisiana during the statewide election scheduled for November 3, 2026. If approved, this amendment would expand the current list of property types exempt from ad valorem taxation, thereby encouraging the rehabilitation of blighted and derelict properties within the state.