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LA HB659
Bill
Status
4/23/2025
Primary Sponsor
Mandie Landry
Click for details
AI Summary
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Defines "commercial purposes" for ad valorem tax exemptions as the use of property for any business activity that generates revenues exceeding the costs of conducting that activity
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Applies to the constitutional prohibition on ad valorem tax exemptions for nonprofit organization property used for commercial purposes under Article VII, Section 21(B)(4)(a)
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Amends R.S. 47:1708 to add this definition alongside existing definitions related to property leased to nonprofits for homeless housing
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Contingent effectiveness: only takes effect if the proposed constitutional amendment in House Bill No. 448 of the 2025 Regular Session is adopted by voters at a statewide election
Legislative Description
Establishes a definition for purposes of a prohibition on ad valorem tax exemptions for certain property owned by nonprofit organizations (OR SEE FISC NOTE LF RV See Note)
TAX/AD VALOREM-EXEMPTION
Last Action
Read by title, under the rules, referred to the Committee on Ways and Means.
4/24/2025