TAX/AD VALOREM TAX: Requires the Orleans Parish School Board to be notified of certain agreements that affect property taxes levied in Orleans Parish

This bill requires developers and businesses seeking property tax breaks in Orleans Parish to notify the Orleans Parish School Board before applying. Specifically, any agreement lasting two years or more, or involving tax reductions of one million dollars or more, must be sent via certified mail at least thirty days in advance. The notice must include details such as the applicant's name, the agreement's duration, and an estimate of the taxes that would be affected. This rule does not apply to state-approved exemptions or those established by the state constitution. The law takes effect on July 1, 2024, for any agreements entered into on or after that date.