PILOT (Payment in Lieu of Taxes)
A Payment in Lieu of Taxes (PILOT) agreement is the parish-level mechanism Louisiana parish councils use to provide ad-valorem tax relief to large industrial investments. Typical structures grant 80–100% ad-valorem relief in years 1–5, stepping toward full taxation over 10–30 years. Each PILOT is approved publicly by the parish council and is therefore discoverable in council minutes.
Plain-English definition
A negotiated parish-level agreement that substitutes a set payment schedule for full ad-valorem property taxes during a project's early years.
Why it matters in Louisiana
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