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LA SB140
Bill
Status
Introduced
4/2/2015
Primary Sponsor
R. Bret Allain
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AI Summary
Legislative Description
Constitutional amendment to exempt from ad valorem property taxes inventory held by manufacturers, distributors, and retailers if the taxing authority accepts a payment in lieu of the property taxes which would otherwise be due on such inventory as may be provided by law for such purpose. (2/3-CA13s1(A))(1/1/16) (OR SEE FISC NOTE LF RV)
TAX/TAXATION
Last Action
Introduced in the Senate; read by title. Rules suspended. Read second time and referred to the Committee on Revenue and Fiscal Affairs.
4/13/2015
Committee Referrals
Revenue & Fiscal Affairs4/2/2015
Full Bill Text
No bill text available