Louisiana Senate Bill SB397

Louisiana 2012 Regular Session

• Introduced: 3/12/12
• Refer: 3/12/12
• Report Pass: 5/1/12
• Engrossed: 5/3/12
• Refer: 5/7/12
• Report Pass: 5/21/12
• Enrolled: 5/30/12
• Chaptered: 6/5/12
• Passed: 6/5/12

Caption

Provides relative to the cancellation of an assessment for closed and inactive businesses. (EN NO IMPACT LF RV See Note)

Impact

The implications of SB 397 on state property tax laws are significant. By easing the cancellation process for obsolete assessments, the bill intends to ensure that municipalities do not levy taxes on properties that are no longer operational. This could potentially reduce financial burdens on local businesses and streamline tax administration. Furthermore, this may also reflect an intent by the state to maintain up-to-date business records, improving the accuracy of tax assessments.

Summary

Senate Bill 397 is designed to simplify the process for the cancellation of property tax assessments related to closed and inactive businesses in Louisiana. The bill amends existing laws concerning erroneous or double assessments by allowing the Tax Commission to approve cancellations based on affidavits attesting to clerical errors or exemptions. Particularly noteworthy in this legislation is the provision that facilitates changes to tax rolls without the need for the taxpayer's rendition when the business is classified as inactive, as long as the owner cannot be located.

Sentiment

General sentiment around SB 397 appears to be supportive, as it is viewed as a measure that aids in the upkeep of property tax accuracy and fairness. By addressing issues associated with inactive businesses, the bill appears to resonate positively among those advocating for efficient property tax systems. However, there might also be concerns regarding enforcement and oversight, especially about how such cancellations could be misused if not properly regulated.

Contention

Although there does not seem to be significant public opposition to SB 397, containing provisions directly impacting assessments for closed businesses could raise questions about the threshold for ‘inactivity’ and the potential for disputes regarding property ownership and tax responsibilities. Critics may point out that without rigorous checks, this legislation could lead to inconsistencies or exploitation in tax cancellations, thereby affecting local revenue streams.