HB659 — TAX/AD VALOREM-EXEMPTION: Establishes a definition for purposes of a prohibition on ad valorem tax exemptions for certain property owned by nonprofit organizations (OR SEE FISC NOTE LF RV See Note)

HB659 — TAX/AD VALOREM-EXEMPTION: Establishes a definition for purposes of a prohibition on ad valorem tax exemptions for certain property owned by nonprofit organizations (OR SEE FISC NOTE LF RV See Note) · Informed CitizenryThis bill amends and reenacts R.S. 47:1708 to provide definitions related to ad valorem tax exemptions for nonprofit organizations. It defines "term of the lease" as the total length of a lease, in…Open in Informed Citizenry