Bill allows private development, with an eye toward upriver hotel and condos.
The budget is now before the House.
Delgado Community College in New Orleans among those to see building boom start in 2015.
By changing which projects are affected, the bill would not raise more money next year, according to the Legislative Fiscal Office.
One frustrated legislator says tactic offered by Jindal is akin to money laundering.
The bill showers money on commununity colleges, but requires overriding a constitutional amendment.
The amnesty plan was proposed after Gov. Jindal blocked a proposal to trim business tax breaks.
The Lens is live-blogging Friday's action in the House.
Two days after plan is drafted to trim some tax exemptions, vote count is uncertain.
Lawmakers and statewide officials describe decreasing access to a governor who has cultivated alliances, but few friendships, over the years. His allies say they are satisfied dealing with Jindal's staff; others say he would accomplish more if he were more hands-on.