PORTS/HARBORS/TERMINALS: Provides relative to the authority of the Caddo Parish Port Commission to use the payment in lieu of taxes program (OR NO IMPACT LF EX See Note)

HB 502 amends Louisiana law to clarify the approval process for the Caddo Parish Port Commission's use of a payment-in-lieu-of-taxes program. It requires Caddo Parish's Sheriff, Parish Commission, and School Board to independently evaluate and document property tax abatements before approving the program for their respective portions. The bill ensures each entity can approve or deny the tax break for their area without affecting other entities' decisions. If some entities approve while others deny, the project may proceed only for the approved portions. This is a procedural bill affecting local tax approval procedures, not a substantive tax change.