Comments: LA SB140 | 2015 | Regular Session

Bill Title: 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)

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2015-04-13 - Introduced in the Senate; read by title. Rules suspended. Read second time and referred to the Committee on Revenue and Fiscal Affairs. [SB140 Detail]

Text: Latest bill text (Introduced) [PDF]

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