La. Rev. Stat. § 33:7610.1
Increment revenues
Louisiana · Louisiana Revised Statutes Title 33 — Municipalities and Parishes · Status: effective
Cite this
- Citation
- La. Rev. Stat. § 33:7610.1, Increment revenues, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2717670
- Permanent ID
ys:prov:2717670@1- SHA-256
e0ffd3c6cab9c036117e82fd50ad778c045ab59a71b66db47168deec57246753
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(1) For purposes of this Chapter, the increment revenues of each taxing district shall be an amount equal to the increment in the income proceeds, revenues, and funds of such taxing district derived from or held in connection with the undertaking and carrying out of the new community development under this Chapter.
(2) Such increment revenues shall be determined annually and shall be an amount equal to ninety-five percent of the difference between:
(a) The amount of ad valorem taxes levied each year by such taxing district, exclusive of any debt service millage, on taxable real property contained within the geographic boundaries of a new community development area; and
(b) The amount of ad valorem taxes which would have been produced by the rate at which the tax is levied each year by or for such taxing district, exclusive of any debt service millage, upon the total of the assessed value of the taxable real property in the new community development area as shown upon the most recent assessment roll used in connection with the taxation of such property by each taxing district prior to the effective date of the ordinance providing for the funding of the trust fund.