Louisiana Revised Statutes 33:9030 – Property exempt from taxes
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Terms Used In Louisiana Revised Statutes 33:9030
- 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 property of the corporation acquired or held for the purposes of this Chapter is to be used for an essential public and governmental purpose and such property shall be exempt from all taxes of the state or any of its local governmental or political subdivisions; provided, however, that such exemption shall terminate when the corporation sells, or otherwise disposes of the property in the economic development area to any purchaser or transferee not a public body.
Added by Acts 1978, No. 617, §1. Amended by Acts 1979, No. 668, §1.