1. A. R.S. 47:4314.B. requires the exemption to be certified and approved by each local governing authority which is defined in R.S. 47:4313(5).
2. B. Upon receipt of the application, the local governing authority shall notify each tax recipient body affected by the contract for a limited exemption and shall make available to each body the application and all supporting documents.

3. C. The local governing authority shall certify, via resolution:

   1. 1. the property on which the expansion, restoration, improvement or development is being made is located within an established downtown, historic, or economic development district, whether established by a local governing authority or in accordance with law;
   2. 2. whether the applicant's land usage meets the definition of "commercial property" based on their zoning ordinance, land use plan, downtown or economic revitalization plan, or any other development code and shall certify that the property meets their criteria; and
   3. 3. whether to approve or disapprove the application.
4. D. The local governing authority shall, within 60 days after receipt of the application from LED, file with the department a statement of its decision to approve or disapprove the application, the reasons therefore, and any supporting documents, or the application will be deemed approved by the local governing authority.

Authority Note

AUTHORITY NOTE: Promulgated in accordance with R.S. 47:4311-4319.

Historical Note

HISTORICAL NOTE: Promulgated by the Department of Commerce, Office of Commerce and Industry, Finance Division, LR 11:98 (February 1985), amended LR 12:665 (October 1986), amended by the Department of Economic Development, LR 18:254 (March 1992), amended by Louisiana Economic Development, Office of Economic Development, LR 52:984 (June 2026).