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)