ENROLLED
ACT No. 591
2018 Regular Session
HOUSE BILL NO. 893 (Substitute for House Bill No. 382 by Representative Connick)
BY REPRESENTATIVE CONNICK
1 AN ACT
2 To amend and reenact R.S. 47:1853(B)(3) and 1855(E), relative to ad valorem property tax
3 assessments for public service properties; to require the retention of certain
4 information relative to appraisals and allocations of value; and to provide for related
5 matters.
6 Be it enacted by the Legislature of Louisiana:
7 Section 1. R.S. 47:1853(B)(3) and 1855(E) are hereby amended and reenacted to
8 read as follows:
9 §1853. Appraisal of public service properties
10 * * *
11 B.
12 * * *
13 (3) Notwithstanding any other law to the contrary, for the years 1993 and
14 1994, the commission shall allocate the value of all inventories of natural gas owned
15 by a pipeline company in this state to each tax jurisdiction in which the inventories
16 are located according to its long-held administrative construction and interpretation
17 of the law. At the expiration of the time provided herein, the commission shall
18 develop a fair, equitable, and consistent system of valuation of such inventories for
19 all parishes affected by any revisions to ad valorem property tax procedures,
20 including but not limited to the parishes of Bienville, East Carroll, Lincoln, and West
21 Carroll.
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HB NO. 893 ENROLLED
1 (3) The commission shall retain in the record of the appraisal the rationale
2 for the determination of the appraisal approach utilized in the valuation.
3 * * *
4 §1855. Allocation of assessed value
5 * * *
6 E. Provided, however, that the The Louisiana Tax Commission shall
7 eliminate or adjust one or more of the above factors in any instance in which the use
8 thereof does not accurately reflect the fair market value assignable to company
9 property within this state. In such instance, the commission shall retain in the record
10 of the appraisal the analysis used to make the determination that one or more of the
11 factors established in Subsection D of this Section were not utilized in the allocation
12 of assessed value.
13 * * *
SPEAKER OF THE HOUSE OF REPRESENTATIVES
PRESIDENT OF THE SENATE
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED:
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.