HLS 12RS-567 ORIGINAL
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
Regular Session, 2012
HOUSE BILL NO. 415
BY REPRESENTATIVE DOVE
TAX/OCCUPATIONAL-EXEMPT: Provides for an exemption from occupational license
tax in Terrebonne Parish
AN ACT1
To enact R.S. 47:364, relative to the levy and collection of occupational license tax; to2
provide relative to an exemption from occupational license tax in Terrebonne Parish;3
to provide for an effective date; and to provide for related matters.4
Notice of intention to introduce this Act has been published5
as provided by Article III, Section 13 of the Constitution of6
Louisiana.7
Be it enacted by the Legislature of Louisiana:8
Section 1. R.S. 47:364 is hereby enacted to read as follows: 9
ยง364. Exemptions; Terrebonne Parish10
For purposes of occupational license tax in Terrebonne Parish, any business11
or person who derives passive income from the rental, leasing, or licensing of12
residential or commercial property shall not be considered a business engaged in13
renting, leasing, or licensing of immovable property, and therefore shall be exempt14
from occupational license tax.15
Section 2. This Act shall become effective on July 1, 2012; if vetoed by the governor16
and subsequently approved by the legislature, this Act shall become effective on July 1,17
2012, or on the day following such approval by the legislature, whichever is later.18 HLS 12RS-567 ORIGINAL
HB NO. 415
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
Dove HB No. 415
Abstract: Exempts any business or person which derives passive income from the rental,
leasing, or licensing of residential or commercial property from occupational license
tax levied by Terrebonne Parish.
Present law authorizes municipalities or parishes to impose a license tax on any person
conducting any business within the territorial jurisdiction of the municipality or parish at a
rate which shall not exceed the maximum tax rates set forth in present law.
Present law authorizes any municipality or parish to grant exemptions or deductions as it
deems necessary.
Proposed law retains present law but provides an exemption from occupational license tax
levied by Terrebonne Parish for any business or person who derives passive income from
the rental, leasing, or licensing of residential or commercial property.
Effective July 1, 2012.
(Adds R.S. 47:364)