LA HB466

Authorizes tax recipient bodies in West Feliciana Parish to implement ad valorem (property tax) rebate programs to refund certain amounts of property taxes paid by property owners

Requires a two-thirds vote of the governing authority to establish a rebate program, and the tax recipient body must have jurisdiction wholly within West Feliciana Parish, levy ad valorem taxes, and receive revenues from the Industrial Development Board through payment in lieu of taxes agreements

Rebates may be issued as a fixed sum per property, a percentage of aggregate property taxes paid, or a credit against the following year's property tax liability

Tax year beginning January 1, 2027 is the first year rebates may be issued; the act becomes effective January 1, 2027