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)]
HB 236 Original 2015 Regular Session Seabaugh
Abstract: Exempts items constituting business inventory from ad valorem property tax.
Present constitution authorizes local governments to impose an ad valorem property tax upon
movable and immovable property within their jurisdictions.
Proposed constitution exempts from ad valorem property tax items constituting business inventory.
Such items include goods which are held for sale, goods in production or for ultimate consumption
in the production of goods or services for sale, and goods utilized in marketing and distribution
activities.
Applicable to all tax years beginning on and after Jan. 1, 2015.
Provides for submission of the proposed amendment to the voters at the statewide election to be held
Oct. 24, 2015.
(Adds Const. Art. VII, ยง21(C)(20))