La. Admin. Code tit. 61 § V-2901
Current through Register Vol. 50, No. 11, November 20, 2024
Section V-2901 - Non-Operating or Non-Utility PropertyA. Includes property held for future use or development, property leased to third parties, and certain other property not included in the company rate base.B. Non-operating or non-utility real property shall be any lands not actually used for utility purposes or lands leased, rented, loaned or otherwise used for commercial, industrial or other purposes. This also applies to any building not directly involved in the utility purpose. (This definition is for the sole purpose of establishing the criteria for determining when the property is to be assessed by the local assessor in accordance with R.S. 47:1853.C).La. Admin. Code tit. 61, § V-2901
Promulgated by the Louisiana Tax Commission, LR 4:30 (February 1978), amended by the Department of Revenue and Taxation, Tax Commission, LR 13:764 (December 1987), LR 16:1063 (December 1990), LR 19:212 (February 1993).AUTHORITY NOTE: Promulgated in accordance with R.S. 47:1853 and R.S. 47:1855.