Louisiana. Constitutional Convention (1973).

Records of the Louisiana Constitutional Convention of 1973 (Volume 4) online

. (page 38 of 65)
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Reprinted as Engrossed

CC-1223



C. P. No. 26

1 either husband or wife, provided that this exemption shall

2 not be extended to more than one homestead owned by the

3 husband or wife.

4 (B) All public property.

5 (C) Places of religious worship; property owned by reli-
g gious; denominations and used as residences for clergy or
7 religious ; places of burial, and property held by any religious
g denomination or nonprofit corporation or organization for
Q burial purposes, but the exemption shall not apply to unsold

IQ lots, crypts, or places for burial nor shall it apply to lands

11 held for development as places for burial, when so held for

12 profit; universities, schools and colleges; places devoted to

13 charitable undertakings; hospitals, nursing homes, homes for

14 the aged, convalescent and rehabilitation facilities, institu-

15 tions for treatment, rehabilitation and care of the physically
Ig and mentally handicapped or retarded, orphanages, child
17 and or day care centers which are organized as non-profit
Ig corporations under the Louisiana Non-profit Corporations

19 Law or which are exempt from federal and state income

20 taxation law which are licensed or regulated by the state of

21 Louisiana: organizations such as lodges and clubs organized

22 for charitable and fraternal purposes and practicing the

23 same; but exemption shall extend only to property, and

24 grounds thereunto appurtenant, used for the above men-

25 tioned purposes, and not leased for profit or income.

26 (D) Cash on hand or deposit; stocks and bonds, except

27 bank stocks, which shall be assessed and taxed solely as

28 provided by law, and the tax paid by the banking institution ;

29 obligations secured by mortgage on property located in

30 Louisiana and the notes or other evidence thereof; loans

31 by life insurance companies to policyholders, if secured
"2 solely by their policies; the legal reserve of domestic life

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Reprinted as

CC-1223

C. P. No. 26

insurance companies; loans by homestead or building and

loan associations to their members, if secured solely by stock

of said associations; debts due for merchandise or other

articles of commerce or for services rendered; obligations

f the state or its political subdivisions; all personal prop-
erty used in the home or on loan in a public place; agricul-
tural products while owned by the producer, agricultural
machinery and other implements used exclusively for ag-
ricultural purposes, and all animals on the farm, and prop-
erty belonging to agricultural fair associations; all property
used for cultural, mardi-gras carnival or civic activities and
not operated for profit to the owners; all oceangoing vessels
engaged in international trade and domiciled in Louisiana
ports, but this exemption shall not apply to harbor, wharf,
shed, and other port dues, and no vessel operated in the
coastal trade of the continental United States shall be within
the exemption herein granted; boats using gasoline as motor

fuel; commercial vessels used for gathering seafood for
human consumption ; and rights-of-way granted to the State

Department of Highways.

(E) From state, parish, and special taxes, qll motor vehi-
cles used on the public highways of this state, provided that
this exemption shall not extend to any general or special
tax levied by the governing authority of any municipality,
or district created by any such municipality, unless the
governing authority thereof shall provide for such exemp-
tion by ordinance or resolution.

(F) The State Board of Commerce and Industry, with
the approval of the governor, and the local governing author-
ity may enter into contracts for the exemption of any new
manufacturing establishment or an addition or additions
to any manufacturing establishment already existing in the

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Engrossed

CC-1223

C. P. No. 26

1 state upon such terms and conditions as the board, with

2 the approval of the governor, and the local governing author-
% ity, may deem to be to the best interest of the state. The

4 terms "manufacturing establishment" and "addition" or

5 "additions" as used in this Paragraph mean a new plant or
g establishment or an addition or additions to any existing
7 plant or establishment which engages in the business of
g working raw materials into wares suitable for use or which
9 gives new shapes, new qualities, or new combinations to matter

2Q which already has gone through some artificial process. No ex-

11 emption shall be contracted for any new manufacturing

22 establi



Online LibraryLouisiana. Constitutional Convention (1973)Records of the Louisiana Constitutional Convention of 1973 (Volume 4) → online text (page 38 of 65)