SLS 15RS-465 ORIGINAL
2015 Regular Session
SENATE BILL NO. 138
BY SENATOR ALLAIN
TAX/AD VALOREM. Authorizes taxing authorities to decline to collect property tax on
inventory held by manufacturers, distributors, and retailers if the taxing authority accepts a
payment provided by law in lieu of the ad valorem taxes. (1/1/16)
1 AN ACT
2 To amend and reenact R.S. 47:1951 and to enact R.S. 47:1856.1, relative to ad valorem
3 property taxation; to provide with respect to the collection of tax on certain
4 inventory; and to provide for related matters.
5 Be it enacted by the Legislature of Louisiana:
6 Section 1. R.S. 47:1951 is hereby amended and reenacted and R.S. 47:1856.1 is
7 hereby enacted to read as follows:
8 §1856.1. Inventory
9 Notwithstanding any other provision of law to the contrary, public
10 service properties which are inventory held by manufacturers, distributors, and
11 retailers shall be subject to the provisions of R.S. 47:1951(A).
12 * * *
13 §1951. Property subject to ad valorem taxation
14 A. All property situated within the state, except such as is expressly exempted
15 from taxation by law, shall be subject to taxation on the basis of the assessed
16 valuation thereof. However, taxing authorities may decline to collect tax on
17 inventory held by manufacturers, distributors, and retailers if the taxing
Page 1 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 138
SLS 15RS-465 ORIGINAL
1 authority accepts a payment in lieu of the ad valorem taxes which would
2 otherwise be due on such inventory if such payments are provided by law for
3 such purpose.
4 B.(1) Property, not otherwise exempt from taxation, of all nonresident
5 persons, firms, corporations, partnerships, associations, or companies is hereby
6 declared subject to assessment and taxation, in the same manner as all other property
7 in the state.
8 (2) Notes, judgments, accounts, and credits of non-resident persons, firms,
9 corporations, partnerships, associations, or companies doing business in the state,
10 originating from the business done in this state, are property with its situs within this
11 state; provided this paragraph shall not affect the levying, assessing, and collecting
12 of taxes upon fire, life, or other insurance companies.
13 Section 2. This Act shall become effective on January 1, 2016.
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Riley Boudreaux.
DIGEST
SB 138 Original 2015 Regular Session Allain
Present law requires all property situated within the state, except such as is expressly
exempted from taxation by law, to be subject to taxation on the basis of the assessed
valuation thereof.
Proposed law authorizes taxing authorities to decline to collect tax on inventory held by
manufacturers, distributors, and retailers if the taxing authority accepts a payment in lieu of
the ad valorem taxes which would otherwise be due on such inventory if such payments are
provided by law for such purpose. Provides that public service properties which are
inventory held by manufacturers, distributors, and retailers are subject to proposed law.
Effective January 1, 2016.
(Amends R.S. 47:1951; adds R.S. 47:1856.1)
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.