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LA HB571
Bill
Status
Introduced
4/4/2025
Primary Sponsor
Kim Carver
Click for details
AI Summary
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Reclassifies barge line and towing vessels from "major movable property" to "other movable property" for ad valorem tax assessment purposes
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Removes barge line and towing companies' boats, barges, and floating equipment from the public service property assessment category
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Amends R.S. 47:1851 definitions in subsections (I), (J), and (M) to implement the classification changes
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Applies to tax years beginning on or after January 1, 2026
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Effective January 1, 2026
Legislative Description
Provides for the classification of certain marine vessels for purposes of ad valorem taxes (OR NO IMPACT LF RV See Note)
TAX/AD VALOREM TAX
Last Action
Read by title, under the rules, referred to the Committee on Ways and Means.
4/14/2025
Committee Referrals
Ways and Means4/4/2025
Full Bill Text
No bill text available