Section 33:3121 - Ad valorem property tax agreements in Orleans Parish; abatement, payment in lieu of tax, and other cooperative endeavor agreements; notice requirements; limitationsA. An applicant entering into a tax abatement, payment in lieu of tax, or other cooperative endeavor agreement, hereinafter "abatement agreement", that affects the ad valorem property taxes levied and collected in Orleans Parish shall send written notice, by certified mail, to the president of the Orleans Parish School Board of the abatement agreement. The notice shall be sent no less than thirty days prior to applying for the abatement agreement and shall include the following information: (1) An estimate of the Orleans Parish School Board ad valorem property taxes to be affected by the abatement agreement.(2) The name and contact information of the party applying for the abatement agreement.(3) The term of the abatement agreement.B.(1) The provisions of this Section shall be applicable to abatement agreements with a term of two or more years or to abatement agreements that will affect ad valorem property taxes of one million dollars or more.(2) The provisions of this Section shall not be applicable to any ad valorem property tax exemptions or other abatement agreements approved by the State Board of Commerce and Industry or any ad valorem property tax exemptions established pursuant to the provisions of Article VII, Section 21 of the Constitution of Louisiana.Added by Acts 2024, No. 215,s. 1, eff. 7/1/2024.