SLS 12RS-584 ORIGINAL
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Regular Session, 2012
SENATE BILL NO. 343
BY SENATOR HEITMEIER
TAX/AD VALOREM. Removes certain water transportation companies from the definition
of public service property for the purposes of assessment. (8/1/12)
AN ACT1
To amend and reenact R.S. 47:1851(B) and (M), relative to ad valorem taxation; to provide2
for the definition of certain public service property for purposes of assessment; to3
provide for the definition of barge lines and towing companies; and to provide for4
related matters.5
Be it enacted by the Legislature of Louisiana:6
Section 1. R.S. 47:1851(B) and (M) are hereby amended and reenacted to read as7
follows: 8
PART III. ASSESSMENT OF PUBLIC SERVICE PROPERTIES9
ยง1851. Definitions10
When used in this Part, unless the context requires a different meaning:11
* * *12
B. "Barge line, and towing, and other water transportation company" means13
any resident or nonresident company, whether domiciled in this state or outside this14
state, whose boats, barges, or other watercraft either owned or leased are engaged in15
the business of water transportation transporting by water as a common, contract,16
or private carrier barge line or towing company over the inland waterways of this17 SB NO. 343
SLS 12RS-584 ORIGINAL
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
state on a regular basis. Excluded from this definition are supply vessels and crew1
vessels.2
* * *3
M. "Public service properties" means the immovable, major movable, and4
other movable property owned or used but not otherwise assessed in this state in the5
operations of each airline, electric membership corporation, electric power company,6
express company, gas company, pipeline company, railroad company, telegraph7
company, telephone company, and water company. For each barge line, towing, and8
other water transportation company, or private car company, only the major movable9
property owned or used but not locally assessed or otherwise assessed in this state10
in interstate or interparish operations shall be considered as public service property.11
* * *12
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Riley Boudreaux.
DIGEST
Present law for purposes of ad valorem taxation defines public service property to include
barge lines, towing and other water transportation companies.
Present law provides procedures for assessment of public service properties by the Louisiana
Tax Commission.
Present constitution provides that public service properties be assessed at 25% of value.
Proposed law removes "other water transportation company" from the definition of barge
line and towing companies.
Effective August 1, 2012.
(Amends R.S. 47:1851(B) and (M))