HB365 — TAX/AD VALOREM TAX: Provides for an optional exemption of business inventory from ad valorem taxes and to authorize the reduction of the fair market value percentage of business inventory under certain circumstances (EN SEE FISC NOTE GF EX See Note)

HB365 — TAX/AD VALOREM TAX: Provides for an optional exemption of business inventory from ad valorem taxes and to authorize the reduction of the fair market value percentage of business inventory under certain circumstances (EN SEE FISC NOTE GF EX See Note) · Informed CitizenryThis bill creates new statutes (R.S. 47:1703.2 and 1703.3) establishing an optional ad valorem tax exemption for business inventory. Parishes may choose to exempt 100% of business inventory either…Open in Informed Citizenry