Louisiana Revised Statutes 33:2823 – Reimbursement of funds for loss from tax exemption
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Terms Used In Louisiana Revised Statutes 33:2823
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
The governing authority shall by ordinance or resolution provide for the reimbursement of the general or special funds of the parish, or municipal corporation, or taxing districts for any sum which may be lost as a result of the exemption or relief, payable out of the funds in the property tax relief fund.