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LA SB85
Bill
Status
Introduced
4/1/2015
Primary Sponsor
Robert Adley
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AI Summary
Legislative Description
Constitutional amendment to exempt from ad valorem property taxes inventory held by manufacturers, distributors, and retailers and to prohibit adjustment of millages because of the implementation of the exemption. (2/3-CA13s1(A)) (1/1/16) (OR -$517,000,000 LF RV See Note)
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 Affairs4/1/2015
Full Bill Text
No bill text available